Altium disappoints, ARB impresses, Mesoblast charges higher

At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is defying the declines on Wall Street and pushing higher. The benchmark index is currently up 0.4% to 6,722.6 points.

Here’s what has been happening on the market today:

Altium guidance disappoints.

The Altium Limited (ASX: ALU) share price has come under pressure on Tuesday after the release of an update on its expectations for the first half of FY 2021. The electronic design software provider revealed that COVID-19 has impacted its sales in the United States and Europe during the half. As a result, it is expecting to deliver revenue of around US$89.6 million for the six months. This will be down 3% on the prior corresponding period.

ARB update impresses

The ARB Corporation…