The company posted earnings of 16 cents a share for the second quarter, beating the Capital IQ Consensus Estimate of 15 cents a share by 1 cent. Revenue grew 32.1% from the year-ago quarter to $76.5 million. Analysts expected earnings of $76 million for the quarter.
TheStreet Ratings team rates RAMBUS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RAMBUS INC (RMBS) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."