ADR Shares Mixed; ARM Holdings Shares Rise

International stocks trading in New York were mixed on Wednesday. The BNY Mellon index of American depositary receipts edged down 0.48% to 142.03. The European index decreased 0.53% to 140.10, the Asian index edged up 0.03% to 147.42, the Latin American index fell 2.1% to 217.33 and the emerging markets index declined 0.69% to 263.51. Among the companies with shares that actively traded was ARM Holdings PLC (ARMH, ARM.LN).

ARM Holdings said its fourth-quarter profit beat expectations on strong demand for smartphones and as the U.K. company benefited from year-earlier investments to acquire patents. The designer of basic chip technology found in more than 95% of smartphones reported strong demand for both sophisticated processors that power phones such as Apple Inc.'s iPhone 6, as well as lower-energy chips used in simpler objects like fitness bands and other sensors. Shares rose 3.2% to $50.31.

America Movil SAB (AMOV, AMX, AMX.MX) shares declined Wednesday, a day after the Mexico telecommunications company posted a sharp drop in fourth-quarter earnings. The company, controlled by billionaire Carlos Slim, reported that foreign-exchange losses resulting from a weaker Mexican peso and lower operating profit offset modest revenue growth. Shares fell 3.7% to $20.59.

Dutch bank ING Groep NV (ING, INGA.AE) said Wednesday that it would pay its first dividend since the global financial crisis of 2008 as it reported a sharp rise in fourth-quarter net profit. Shares rose 3.5% to $13.16.

Write to Tess Stynes at [e-mail]

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