Rambus (RMBS) Tops Q1 EPS by 2c; Guides In-Line

Rambus (NASDAQ: RMBS) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $97.4 million versus the consensus estimate of $95.52 million.

• Revenue of $97.4 million, up 34% year over year
• GAAP diluted net income per share of $0.03; non-GAAP diluted net income per share of $0.17
• Licensed Western Digital for memory and security innovations
• Launched Unified Payment Platform, extending mobile OEM pay to retailers

GUIDANCE:

Rambus sees Q2 2017 EPS of $0.10-$0.16, versus the consensus of $0.15. Rambus sees Q2 2017 revenue of $90-96 million, versus the consensus of $93.98 million.

For earnings history and earnings-related data on Rambus (RMBS) click here.

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