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.