Investing.com - Rambus reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $-0.11 on revenue of $56.9M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $103M.
Rambus shares are down 1% from the beginning of the year and are trading at $13.24 , down-from-52-week-high.They are under-performing the Nasdaq which is up 22.12% from the start of the year.
Rambus shares lost 2.79% in after-hours trade following 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 $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.71 on revenue of $63.8B.
Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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