Rambus Third Quarter 2024 Earnings: EPS Beats Expectations

Rambus (NASDAQ:RMBS) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$145.5m (up 38% from 3Q 2023).
• Net income: US$48.7m (down 53% from 3Q 2023).
• Profit margin: 33% (down from 98% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.45 (down from US$0.95 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Rambus EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 23% from a week ago.

Risk Analysis

Be aware that Rambus is showing 1 warning sign in our investment analysis that you should know about...

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