SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported a loss of $2.6 million in its first quarter.

The San Jose, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 6 cents per share.

The memory chip designer posted revenue of $70.4 million in the period. Its adjusted revenue was $105 million.

Rambus shares have risen 7.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $18.77, a climb of 52% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RMBS at

Copyright by Automated Insights, Inc. All rights reserved.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.