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 $0.1 on revenue of $84.9M. Analysts polled by Investing.com anticipated EPS of $0.3095 on revenue of $107.01M.
Rambus shares are up 34% from the beginning of the year and are trading at $23.49 , down-from-52-week-high.They are outperforming the Nasdaq which is up 13.91% 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 Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Microsoft had beat expectations on Tuesday, July 27, 2021 with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.92 on revenue of $44.22B.
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