Rambus (RMBS) Reports In-Line Q3 EPS; Offers FY18 EPS Outlook Above Consensus

Rambus (NASDAQ: RMBS) reported Q3 EPS of $0.22, in-line with the analyst estimate of $0.22. Revenue for the quarter came in at $99.8 million versus the consensus estimate of $100.06 million.

Luc Seraphin, chief executive officer of Rambus said, “This was a strong quarter that continued to reinforce our confidence in our strategy and execution to plan. As we continue to roll out products, improve operational efficiency and generate cash, we are creating the foundation for future profitable growth.”

GUIDANCE:

Rambus sees Q4 2018 EPS of $0.23-$0.29, versus the consensus of $0.23. Rambus sees Q4 2018 revenue of $99-105 million, versus the consensus of $102.17 million.

For earnings history and earnings-related data on Rambus (RMBS) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Alphabet slides over 6% as AI brain drain and SpaceX slump converge
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating