Rambus Inc. Profit Climbs 4% In Q2

(RTTNews) - Rambus Inc. (RMBS) revealed earnings for its second quarter that advanced from last year.

The company said its bottom line climbed to $16.67 million, or $0.15 per share. This was higher than $15.99 million, or $0.13 per share, in last year's second quarter.

Analysts had expected the company to earn $0.13 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.1% to $76.50 million. This was up from $72.81 million last year.

Rambus Inc. earnings at a glance:

-Earnings (Q2): $16.67 Mln. vs. $15.99 Mln. last year. -Earnings Growth (Y-o-Y): 4.3% -EPS (Q2): $0.15 vs. $0.13 last year. -EPS Growth (Y-o-Y): 15.4% -Analysts Estimate: $0.13 -Revenue (Q2): $76.50 Mln vs. $72.81 Mln last year. -Revenue Change (Y-o-Y): 5.1%

-Guidance: Next quarter revenue guidance: $75 - $80 Mln