Rambus Reports Third Quarter 2019 Financial Results
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Rambus (RMBS) Misses Q3 EPS by 39c, Revenues Miss
November 4, 2019 4:38 PM ESTRambus (NASDAQ: RMBS) reported Q3 EPS of ($0.16), $0.39 worse than the analyst estimate of $0.23. Revenue for the quarter came in at $57.4 million versus the consensus estimate of $89 million.
Great quarter, exceeding expectations; GAAP revenue of $57.4 million; licensing billings of $63.1 million, product revenue of $21.4 million, and contract and other revenue of $16.6 million$25.6 million in cash provided by operating activitiesRefocused business on semiconductor with completed sale of payments and ticketing business to VisaExpanded silicon IP offerings with acquisition of... More