Rambus Inc. Reports 6% Rise In Q3 Earnings

(RTTNews) - Rambus Inc. (RMBS) reported earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line climbed to $18.00 million, or $0.16 per share. This was higher than $16.96 million, or $0.14 per share, in last year's third 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 21.8% to $89.86 million. This was up from $73.78 million last year.

Rambus Inc. earnings at a glance:

-Earnings (Q3): $18.00 Mln. vs. $16.96 Mln. last year. -Earnings Growth (Y-o-Y): 6.1% -EPS (Q3): $0.16 vs. $0.14 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.13 -Revenue (Q3): $89.86 Mln vs. $73.78 Mln last year. -Revenue Change (Y-o-Y): 21.8%

-Guidance: Next quarter EPS guidance: $0.14 - $0.18 Next quarter revenue guidance: $94 - $98 Mln