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

Rambus

31/10/2023 24:00

* Rambus Inc  RMBS.OQ  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended in September. The mean
expectation of six analysts for the quarter was for earnings of
41 cents per share.
    * Revenue fell 27.1% to $105.30 million from a year ago;
analysts
expected $124.60 million. 
    * Rambus Inc's reported EPS for the quarter was 93 cents​.
    * 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 7.5% this quarter and
gained 44.1% so far this year.
    * The company reported quarterly net income of $103.2
million.
    * Wall Street's median 12-month price target for Rambus Inc
is
$71.50 
    * 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
October 31 at 12:00 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.41           0.24           Missed
 Jun. 30 2023      0.39           1.78           Beat
 Mar. 31 2023      0.42           0.44           Beat
 Dec. 31 2022      0.45