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 $-0.6 on revenue of $99.05M. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $127.9M.
Rambus shares are down 13% from the beginning of the year and are trading at $25.51 , down-from-52-week-high.They are outperforming the Nasdaq which is down 19.87% from the start of the year.
Rambus follows other major Information Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on Tuesday, April 26, 2022 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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