Though Rambus (RMBS) beat Q1 estimates, it’s guiding for Q2 revenue of $69M-$74M, below a $74.5M consensus.
Recent licensing deals with Micron and Nanya helped Q1 revenue beat estimates. While revenue rose 17% Y/Y, opex fell 16% to $55.1M, in part due to lower legal expenses.
Rambus ended Q1 with $403.4M in cash/investments, up $15.7M Q/Q. The company has $280M worth of convertible notes on its balance sheet.
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April 22nd, 2014 at 6:56 am
Rambus -6.1% AH on soft Q2 guidance
Yesterday, 05:21 PM ET · RMBS