Rambus Inc. Earnings Advance 31% In Q1

(RTTNews) - Rambus Inc. (RMBS) announced a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line climbed to $19.04 million, or $0.17 per share. This was up from $14.58 million, or $0.13 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 33.9% to $97.35 million. This was up from $72.68 million last year.

Rambus Inc. earnings at a glance:

-Earnings (Q1): $19.04 Mln. vs. $14.58 Mln. last year. -Earnings Growth (Y-o-Y): 30.6% -EPS (Q1): $0.17 vs. $0.13 last year. -EPS Growth (Y-o-Y): 30.8% -Analysts Estimate: $0.15 -Revenue (Q1): $97.35 Mln vs. $72.68 Mln last year. -Revenue Change (Y-o-Y): 33.9%

-Guidance: Next quarter EPS guidance: $0.10 - $0.16 Next quarter revenue guidance: $90 - $96 Mln