Investing.com - Rambus reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $0.01 on revenue of $112.2M. Analysts polled by Investing.com anticipated EPS of $0.40 on revenue of $137.68M.
Rambus shares are down 14% from the beginning of the year and are trading at $30.21 , down-from-52-week-high.
Rambus shares gained 0.17% 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 $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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