Investing.com - Rambus reported on Monday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $0.31 on revenue of $121.1M. Analysts polled by Investing.com anticipated EPS of $0.4 on revenue of $137.2M.
Rambus shares are down 14% from the beginning of the year and are trading at $24.50 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.94% from the start of the year.
Rambus shares lost 3.01% in after-hours trade the report.
Rambus follows other major Information Technology sector earnings this month
Rambus's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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