SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported net income of $32.9 million in its first quarter.
The San Jose, California-based company said it had net income of 30 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 45 cents per share.
The memory chip designer posted revenue of $117.9 million in the period. Its adjusted revenue was $133.6 million.
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For the current quarter ending in June, Rambus said it expects revenue in the range of $130 million to $278 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RMBS at https://www.zacks.com/ap/RMBS