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 $0.03 on revenue of $81.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.3303 on revenue of $113M.
Rambus shares are up 34% from the beginning of the year and are trading at $22.42 , down-from-52-week-high.They are outperforming the Nasdaq which is up 21.01% from the start of the year.
Rambus shares lost 4.56% in after-hours trade after the report.
Rambus follows other major Technology sector earnings this month
Rambus's report follows an earnings beat by Alphabet C on Tuesday, October 26, 2021, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on Thursday, October 14, 2021 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar