SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported earnings of $58.5 million in its fourth quarter.
The San Jose, California-based company said it had profit of 53 cents per share. Earnings, adjusted for non-recurring gains, came to 47 cents per share.
The memory chip designer posted revenue of $122.2 million in the period. Its adjusted revenue was $136 million.
For the year, the company reported profit of $333.9 million, or $3.01 per share. Revenue was reported as $558.6 million.
For the current quarter ending in March, Rambus said it expects revenue in the range of $123 million to $141 million.
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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