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.

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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

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