Rambus Q4 EPS $0.53 Beats $0.45 Estimate, Sales $122.22M Miss $134.00M Estimate
Portfolio Pulse from totan@benzinga.com
Rambus (NASDAQ:RMBS) reported Q4 earnings of $0.53 per share, surpassing the $0.45 estimate, marking a 278.57% increase from last year. However, their quarterly sales of $122.22M fell short of the $134.00M estimate, a slight decrease from last year's $122.37M.
February 05, 2024 | 9:09 pm
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Rambus reported higher-than-expected Q4 earnings but missed sales estimates, with a slight decrease in sales compared to last year.
The positive earnings beat could provide short-term positive sentiment, offset by the slight miss in sales expectations. The mixed results may lead to neutral market reaction as investors weigh the strong earnings against the slight sales disappointment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100