Investing.com - Rambus reported on Monday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $-0.11 on revenue of $61.9M. Analysts polled by Investing.com anticipated EPS of $0.25 on revenue of $96.99M.
Rambus shares are up 11% from the beginning of the year and are trading at $19.52 , down-from-52-week-high.They are outperforming the Nasdaq which is up 4% from the start of the year.
Rambus follows other major Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.22B.
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