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Rambus beats Q3, guidance estimates

Published 10/23/2017, 04:37 PM
© Reuters.  Rambus beats Q3, guidance estimates
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  • Rambus (NASDAQ:RMBS) shares are down 0.07% aftermarket following Q3 results with EPS and revenue beats.
  • Q4 outlook: revenue, $98M to $104M (consensus: $100.54M); total operating costs and expenses, $64M to $69M; operating income, $29M to $40M; EPS, $0.16 to $0.22 (consensus: $0.17).
  • Financials: Total operating costs and expenses totaled $82.1M, up $4M on last year’s quarter, with R&D spending up nearly $3M on the year to $36.2M and SG&A up $2M to $26.8M. Operating margin was 17% compared to 13% last year. Rambus ended the quarter with $182M in cash and equivalents.
  • Previously: Rambus beats by $0.02, beats on revenue (Oct. 23)
  • Now read: Micron Technology (NASDAQ:MU) Is Positioned For Outperformance


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