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Monday, January 29, 2018

=Rambus (RMBS) reported earnings on Mon 29 Jan 2018 (a/h)

Rambus reports EPS in-line, revs in-line; guides Q1 EPS in-line, revs below consensus 
  • Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, in-line with the Capital IQ Consensus of $0.19; revenues rose 4.4% year/year to $101.89 mln vs the $101.25 mln Capital IQ Consensus.
  • Co issues guidancefor Q1, sees EPS of $0.17-0.23, excluding non-recurring items, vs. $0.18 Capital IQ Consensus Estimate; sees Q1 revs of $94-100 mln vs. $100.38 mln Capital IQ Consensus Estimate [ASC 605]
    • Effective January 1, 2018, the Company adopted Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers in Accounting Standards Codification Topic 606, which supersedes the revenue recognition requirements in ASC Topic 605, Revenue Recognition. The Company expects the adoption of ASC 606 to materially impact the timing of revenue recognition for its fixed-fee intellectual property licensing arrangements. The Company does not expect the adoption of ASC 606 to have a material impact on its other revenue streams, cashflow from operations, or the underlying financial position of the Company. 

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