reported fiscal third-quarter earnings after the bell that were in line with Wall Street's expectations, though the company did say revenue in the next quarter would fall sequentially.
The company, which designs memory chips and licenses the designs to semiconductor manufacturers, posted earnings of 4 cents a share, on par with the
Thomson Financial/First Call
consensus estimate. In the year-ago period, the company earned 5 cents a share. Sales in the latest quarter rose to $23.3 million from $17.8 million in the same period last year.
Looking forward to the next quarter, Rambus said that total revenue would likely decline about 20% from the third quarter. That would imply a top line of about $18.6 million.
Rambus is currently involved in legal disputes regarding patents for a widely used memory chip, known as SDRAM, or synchronous dynamic random access memory, with
Shares of Rambus gained $1.28, or 13.3%, to $10.88 in regular-session
trading, but they gave much of that back after hours, losing $1.02 to $9.86 in after-hours
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