=Rambus (RMBS) reported 4Q earnings on Mon 25 Jan 2016 (before open)

** charts before earnings **



** charts after earnings **

Rambus beats by $0.03, beats on revs; guides Q1 revs in-line, FY16 rev above estimates, which likely includes Smart Card Software, acquired for GBP 64.7 mln in cash :

• Reports Q4 (Dec) earnings of $0.18 per share, excluding non-recurring items,$0.03 better than the Capital IQ Consensus of $0.15; revenues rose 6.7% year/year to $76.8 mln vs the $73.72 mln Capital IQ Consensus, primarily due to higher royalty revenue from SK hynix, IBM and the renewal of our patent license agreement with Toshiba in the fourth quarter of 2015 as well as higher contract revenue, offset by lower royalty revenue from Renesas and STMicroelectronics.
• Co issues in-line guidance for Q1, sees Q1 revs of $71-75 mln vs. $73.23 mln Capital IQ Consensus Estimate.
• Co issues guidance for FY16, sees FY16 revs of $310-325 mln (including Smart Card Software and may not compare to) $293.99 mln Capital IQ Consensus.  
• Co has acquired Smart Card Software Ltd which includes Bell Identification Ltd (Bell ID) and Ecebs Ltd (Ecebs) through the purchase of all outstanding shares of Smart Card Software Ltd., for 64.7M in cash. As part of this acquisition, the advanced mobile payment platform developed by Bell ID, along with the smart ticketing platform created by Ecebs, will be incorporated into the Rambus Cryptography Research Division. Rambus expects the acquisition to be accretive to pro forma earnings within the first twelve months.