Rambus Q3 Adj $0.51, Inline, Sales $146.77M Miss $147.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Rambus reported Q3 earnings of $0.51 per share, meeting expectations but showing a 45.16% decrease from last year. Sales were $146.77M, slightly missing the $147.33M estimate but up 39.39% from last year.
October 28, 2024 | 9:00 pm
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Rambus reported Q3 earnings of $0.51 per share, meeting expectations but showing a significant decrease from last year. Sales were slightly below estimates but showed a strong year-over-year increase.
Rambus met earnings expectations, which is neutral for the stock. However, the significant year-over-year decrease in EPS could be a concern for investors. The slight miss in sales estimates is offset by the strong year-over-year sales growth, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100