Rambus Inc. (NASDAQ:RMBS), a Sunnyvale, California-based technology solutions company, reported fiscal fourth quarter earnings on Monday afternoon.
RMBS stock analysts — there are five covering the company — were looking for earnings per share of 15 cents in Q4 2015, up 200% from the 5 cents per share it earned in Q4 2014. Wall Street expected revenue to grow 2.3% to $73.72 million in Q4 2015, up from $72.04 million in the year-ago period.
Here are the actual numbers RMBS reported Monday afternoon:
- Rambus Inc. saw revenue clock in at $76.8 million easily beating the $73.72 million consensus.
- RMBS reported earnings per share of 18 cents, beating expectations by 3 cents, or 20%.
More About Rambus Inc.
Rambus boasts on its website that it “creates cutting-edge semiconductor and IP products, spanning memory and interfaces to security, smart sensors and lighting.”
As of its close on Monday, January 25, its market cap was right around $1.3 billion. Over the last three months, an average of 922,753 shares of RMBS stock traded hands each day. It does not pay a dividend, and RMBS stock is up about 8% in the last year, beating the -8% return of the S&P 500 by 16 percentage points.
Going into today’s earnings report, Navellier Ratings, Powered by Portfolio Grader, had the following ratings for RMBS stock:
Total Grade: B
Fundamental Grade: B
Quantitative Grade: B
Earnings Growth: A
Sales Growth: C
We’ll have to wait and see how investors takes the most recent Rambus earnings report, but in early after hours trading, RMBS stock was up about 2% immediately after the report.
At the time this story was written, Robert Martin had no position in any of the stocks mentioned.