Investing.com - Rambus reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $-0.09 on revenue of $59.9M. Analysts polled by Investing.com anticipated EPS of $-0.06 on revenue of $100.88M.
Rambus shares are up 13% from the beginning of the year and are trading at $14.80 , down-from-52-week-high.They are under-performing the Nasdaq which is up 21.51% from the start of the year.
Rambus shares lost 5.07% in after-hours trade after the report.
Rambus follows other major Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Thursday, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar