Rambus Inc reports results for the quarter ended June 30 - Earnings Summary

• Rambus Inc RMBS.OQ reported quarterly adjusted earnings of 66 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of eight analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 57 cents to 60 cents per share.

• Revenue rose 30.3% to $172.21 million from a year ago; analysts expected $168.14 million.

• Rambus Inc's reported EPS for the quarter was 53 cents​.

• The company reported quarterly net income of $57.94 million.

• Rambus Inc shares had fallen by 1.8% this quarter and gained 18.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Rambus Inc is $71.31, about 11.9% above its last closing price of $62.85

This summary was machine generated from LSEG data July 28 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)