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News > Technology
Rambus 3Q meets Street
July 18, 2000: 4:46 p.m. ET

Company's 3Q in line with estimates, but soars compared with a year ago
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NEW YORK (CNNfn) - Rambus Inc. on Tuesday reported its fiscal third-quarter operating profits, which were in line with estimates but soared compared with year-ago figures.

The Mountain View, Calif.-based company said its net income, excluding acquisition-related costs, was $4.8 million, or 4 cents per share -- which was in line with analysts' estimates, but increased 138 percent from earnings in the year-ago quarter of $2 million, or 2 cents per share.

Revenue for the quarter was $17.8 million, up 67 percent over the same period last year and up 13 percent from the previous quarter.

The company's revenue included roughly $3.7 million of deferred revenue recognized on contracts on which all of Rambus' obligations have been cancelled due to the nonperformance of licensees.

Rambus (RMBS: Research, Estimates) makes money by licensing a technology used to speed up computer memory systems. Back to top





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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.