Investing.com - Rambus reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Rambus announced earnings per share of $-0.07 on revenue of $64M. Analysts polled by Investing.com anticipated EPS of $0.23 on revenue of $99.5M. That with comparison to EPS of $-0.08 on revenue of $48.38M in the same period a year before.Rambus had reported EPS of $-0.02 on revenue of $104.3M (NYSE:MMM) in the previous quarter.Analysts are expecting EPS of $0.22 and revenue of $95.31M in the upcoming quarter.
Rambus shares are down 7% from the beginning of the year and are trading at $12.74 , down-from-52-week-high.They are under-performing the Nasdaq which is down 3.64% year to date.
Rambus follows other major Technology sector earnings this month
Rambus's report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.76B.
Apple had beat expectations on Thursday with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar