Recap: Rambus Q4 Earnings
Portfolio Pulse from Benzinga Insights
Rambus (NASDAQ:RMBS) reported Q4 earnings, beating estimated earnings by 17.78% with an EPS of $0.53 versus an estimate of $0.45, although revenue was down $142 thousand from the same period last year. The company has a history of beating EPS estimates, which in the past has led to a significant increase in share price the following day.
February 05, 2024 | 9:10 pm
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Rambus reported a significant beat on Q4 earnings estimates with an EPS of $0.53, surpassing the expected $0.45, but saw a minor decrease in revenue compared to last year.
Rambus's beat on earnings estimates is likely to positively impact its stock price in the short term, as historical data shows a correlation between earnings beats and share price increases. The slight revenue decrease is noted but is overshadowed by the positive earnings report.
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