CORRECTION: Rambus Q2 Adj $0.31 Misses $0.39 Estimate, Sales $119.83M Miss $137.98M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rambus Inc. reported Q2 adjusted earnings of $0.31 per share, missing the estimate of $0.39. The company's sales were $119.83M, also missing the estimate of $137.98M.
August 10, 2023 | 7:44 pm
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NEGATIVE IMPACT
Rambus Inc.'s Q2 earnings and sales missed estimates, which could negatively impact the company's stock price in the short term.
Rambus Inc.'s Q2 earnings and sales fell short of estimates. This underperformance could lead to a decrease in the company's stock price as it indicates that the company may not be performing as well as expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100