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Rambus 3Q meets Street
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July 18, 2000: 4:46 p.m. ET
Company's 3Q in line with estimates, but soars compared with a year ago
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NEW YORK (CNNfn) - Rambus Inc. on Tuesday reported its fiscal third-quarter operating profits, which were in line with estimates but soared compared with year-ago figures.
The Mountain View, Calif.-based company said its net income, excluding acquisition-related costs, was $4.8 million, or 4 cents per share -- which was in line with analysts' estimates, but increased 138 percent from earnings in the year-ago quarter of $2 million, or 2 cents per share.
Revenue for the quarter was $17.8 million, up 67 percent over the same period last year and up 13 percent from the previous quarter.
The company's revenue included roughly $3.7 million of deferred revenue recognized on contracts on which all of Rambus' obligations have been cancelled due to the nonperformance of licensees.
Rambus (RMBS: Research, Estimates) makes money by licensing a technology used to speed up computer memory systems. 
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