Rambus Inc. Bottom Line Drops 14% In Q1

(RTTNews) - Rambus Inc. (RMBS) revealed a profit for first quarter that declined compared to the same period last year.

The company said its profit dropped to $14.58 million, or $0.13 per share. This was lower than $17.02 million, or $0.14 per share, in last year's first quarter.

Analysts had expected the company to earn $0.12 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.1% to $62.88 million. This was down from $66.96 million last year.

Rambus Inc. earnings at a glance:

-Earnings (Q1): $14.58 Mln. vs. $17.02 Mln. last year. -Earnings Decline (Y-o-Y): -14.3% -EPS (Q1): $0.13 vs. $0.14 last year. -EPS Decline (Y-o-Y): -7.1% -Analysts Estimate: $0.12 -Revenue (Q1): $62.88 Mln vs. $66.96 Mln last year. -Revenue Change (Y-o-Y): -6.1%

-Guidance: Next quarter revenue guidance: $72 - $77 Mln