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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Rambus Swings To Profit 0 comments
    Apr 22, 2014 10:33 AM | about stocks: RMBS

    Originally published at

    Rambus Inc. (NASDAQ:RMBS) announced its financial results for the first quarter of the 2014 fiscal year, posting a net profit as opposed to a net loss reported in the year-ago quarter and fourth quarter last fiscal year. Revenue rose 17% to $78.3M, attributed primarily to licensing agreements, with Rambus projecting second quarter revenues between $69M and $74M. Net income was $7.8M and $0.07 per share compared to a net loss of $10.4M and $0.09 losses per share in the year-ago quarter. Rambus cash, cash equivalents, and market securities increased $15.7M to $403.4M. During first quarter, Rambus signed a five-year licensing agreement with Nanya Technology Corporation, resolving outstanding disputes.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: financial results, earnings Stocks: RMBS
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