Rambus Inc. Reports Climb In Q4 Profit, Beats Estimates

(RTTNews) - Rambus Inc. (RMBS) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $62.20 million, or $0.58 per share. This compares with $58.55 million, or $0.53 per share, last year.

Analysts on average had expected the company to earn $0.47 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 31.8% to $161.10 million from $122.23 million last year.

Rambus Inc. earnings at a glance (GAAP) :

-Earnings: $62.20 Mln. vs. $58.55 Mln. last year. -EPS: $0.58 vs. $0.53 last year. -Revenue: $161.10 Mln vs. $122.23 Mln last year.