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 $0.05 on revenue of $91.78M. Analysts polled by Investing.com anticipated EPS of $0.37 on revenue of $123.01M.
Rambus shares are down 14% from the beginning of the year and are trading at $24.97 , down-from-52-week-high.They are under-performing the Nasdaq which is down 10.41% from the start of the year.
Rambus shares lost 0.76% in after-hours trade following the report.
Rambus follows other major Information Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Thursday, January 27, 2022, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
Microsoft had beat expectations on Tuesday, January 25, 2022 with second quarter EPS of $2.48 on revenue of $51.73B, compared to forecast for EPS of $2.32 on revenue of $50.74B.
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