Investing.com - Rambus reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $-0.02 on revenue of $70.4M. Analysts polled by Investing.com anticipated EPS of $0.28 on revenue of $103.01M.
Rambus shares are up 7% from the beginning of the year and are trading at $18.77 , down-from-52-week-high.They are under-performing the Nasdaq which is up 7.81% from the start of the year.
Rambus follows other major Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.
Microsoft had beat expectations on Tuesday, April 27, 2021 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.
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