30.04.2024 00:48:19 - dpa-AFX: Rambus Inc. Reveals Increase In Q1 Profit, but misses estimates
WASHINGTON (dpa-AFX) - Rambus Inc. (RMBS) revealed a profit for its first
quarter that increased from the same period last year but missed the Street
estimates.
The company's earnings totaled $32.9 million, or $0.30 per share. This compares
with $3.3 million, or $0.03 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.44 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.6% to $117.9 million from $113.8
million last year.
Rambus Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $32.9 Mln. vs. $3.3 Mln. last year.
-EPS (Q1): $0.30 vs. $0.03 last year.
-Revenue (Q1): $117.9 Mln vs. $113.8 Mln last year.
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