Rambus Inc. (NASDAQ:RMBS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Rambus Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.06 in the quarter versus EPS of $-0.29 in the year-earlier quarter.
Revenue: Rose 2.99% to $57.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Rambus Inc. reported adjusted EPS income of $0.06 per share. By that measure, the company beat the mean analyst estimate of $-0.12. It beat the average revenue estimate of $57 million.
Key Stats (on next page)…
Revenue decreased 13.41% from $66.87 million in the previous quarter. EPS increased to $0.06 in the quarter versus EPS of $-0.09 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a loss of $0.06 to a loss $0.01. For the current year, the average estimate has moved up from a loss of $0.21 to a loss of $0.20 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)