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)…