ARM down after forecasting quarterly revenue below estimates

U.S. listed shares of Arm Holdings ARM.O down 8.3% to $114 after the bell

ARM forecasts Q1 sales and profit below Wall Street estimates

Sees Q1 revenue of $1 billion to $1.10 billion, with a midpoint below analysts' average estimate of $1.10 billion, according to data compiled by LSEG

Expects Q1 adj. profit of 30 to 38 cents per share vs estimates of 42 cents per share

ARM posts sales of $1.24 billion in Q4, slightly above estimates; adj. profit of 55 cents per share beat estimates of a profit of 52 cents per share

ARM down 0.7% YTD