* Rambus Inc reported quarterly adjusted earnings of 37 cents per share for the quarter ended in January, lower than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of five analysts for the quarter was for earnings of 44 cents per share.
* Revenue rose 3.6% to $117.87 million from a year ago; analysts expected $132.00 million.
* Rambus Inc's reported EPS for the quarter was 30 cents.
* The company reported quarterly net income of $32.9 million.
* Rambus Inc shares had fallen by 4.2% this quarter and lost 13.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 5.6% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the semiconductors peer group is also "buy"
Wall Street's median 12-month price target for Rambus Inc is $80.00 This summary was machine generated from LSEG data April 30 at 02:28 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.44 0.37 Missed
Dec. 31 2023 0.45 0.47 Beat
Sep. 30 2023 0.41 0.43 Beat
Jun. 30 2023 0.39 0.44 Beat
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