SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported profit of $15.9 million in its fourth quarter.
On a per-share basis, the San Jose, California-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 47 cents per share.
The memory chip designer posted revenue of $122.4 million in the period. Its adjusted revenue was $155.3 million.
For the year, the company reported a loss of $14.3 million, or 13 cents per share. Revenue was reported as $571.7 million.
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