* Rambus Inc reported quarterly adjusted earnings of 60 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of three analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 50 cents to 52 cents per share.
* Revenue rose 38.2% to $145.51 million from a year ago; analysts expected $147.33 million.
* Rambus Inc's reported EPS for the quarter was 45 cents.
* The company reported quarterly net income of $48.67 million.
* Rambus Inc shares had risen by 3.0% this quarter and lost 36.3% so far this year.
FORECAST CHANGES
* 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.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "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 $60.50 This summary was machine generated from LSEG data October 29 at 02:47 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
Sep. 30 2024 0.51 0.60 Beat
Jun. 30 2024 0.45 0.42 Missed
Mar. 31 2024 0.44 0.37 Missed
Dec. 31 2023 0.45 0.47 Beat
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