Rambus Q1 2024 Adj EPS $0.45 Beats $0.44 Estimate, Sales $133.592M Beat $132.000M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rambus (NASDAQ:RMBS) reported Q1 2024 adjusted EPS of $0.45, surpassing the $0.44 estimate, with sales of $133.592M also beating the $132M forecast. This represents a 2.27% increase in EPS and a 10.34% decrease in sales from the same period last year.
April 29, 2024 | 9:47 pm
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Rambus reported a Q1 2024 EPS of $0.45, beating estimates, and sales of $133.592M, also above expectations. Despite a sales decrease from last year, the earnings beat could positively impact investor sentiment.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. Although there's a notable decrease in sales compared to the previous year, the earnings beat is likely to overshadow this in investors' eyes, at least in the short term.
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