Rambus Inc reports results for the quarter ended in June - Earnings Summary

Rambus

02/08/2023 15:41

* Rambus Inc  RMBS.OQ  reported quarterly adjusted earnings
of
$1.78​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
39 cents per share.
    * Revenue fell 13.9% to $119.83 million from a year ago;
analysts
expected $133.20 million. 
    * Rambus Inc's reported EPS for the quarter was $1.51​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Rambus Inc shares had fallen by 14.5% this quarter and
gained 53.2% so far this year.
    * The company reported quarterly net income of $168.9
million.
    * Wall Street's median 12-month price target for Rambus Inc
is
$70.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 02:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.39           1.78           Beat
 Mar. 31 2023      0.42           0.44           Beat
 Dec. 31 2022      0.45                          
 Sep. 30 2022      0.41           0.41           Met