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Rambus beats 3Q earnings expectations(Associated Press Via Acquire Media NewsEdge) SUNNYVALE, Calif. (AP) _ Rambus Inc. (RMBS) on Monday reported earnings of $5.5 million in its third quarter. On a per-share basis, the Sunnyvale, California-based company said it had net income of 5 cents. Earnings, adjusted for one-time gains and costs, came to 13 cents per share. The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. The memory chip designer posted revenue of $69.7 million in the period, falling short of Street forecasts. Analysts expected $71.2 million, according to Zacks. For the current quarter ending in December, Rambus said it expects revenue in the range of $70 million to $75 million. Rambus shares have risen 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.97, a rise of 16 percent in the last 12 months. This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. RMBS stock research report from Zacks: http://www.zacks.com/ap/RMBS Keywords:Rambus,Earnings Report |