Rambus Q2 Loss Narrows - Quick Facts

(RTTNews) - Rambus Inc. (RMBS) reported a net loss for the second quarter of 2013 of $6.4 million, as compared to a net loss of $32.2 million in the second quarter of 2012. Net loss per share was $0.06, as compared to a net loss per share of $0.29 in the second quarter of 2012.

Non-GAAP net income was $6.6 million, as compared to a loss of $1.1 million in the second quarter of 2012. Non-GAAP net income per share was $0.06, as compared to a net loss per share of $0.01 in the second quarter of 2012.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the second quarter of 2013 was $57.9 million, up 3% primarily due to the royalty revenue received in the second quarter of 2013 from STMicroelectronics. Analysts expected revenue of $57.00 million for the quarter.