Rambus Inc. (NASDAQ:RMBS) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.04%.
Rambus Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.09 in the quarter versus EPS of $-0.25 in the year-earlier quarter.
Revenue: Rose 6.43% to $66.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rambus Inc. reported adjusted EPS loss of $0.09 per share. By that measure, the company missed the mean analyst estimate of $-0.04. It missed the average revenue estimate of $67 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…