Tags: US | Rambus | Mover

Rambus Shares Jump After Settlement Boosts Results

Friday, 23 Apr 2010 01:41 PM

 

Shares of Rambus Inc. surged Friday, a day after the memory chip maker said it returned to a profit in its latest quarter, helped by a legal settlement.

Investors sent Rambus shares up $1.44, or 6.1 percent, to $24.97 in afternoon trading.

For the first quarter, Rambus said it earned $150.9 million, or $1.28 per share, in contrast to a loss of $17.4 million, or 17 cents per share, a year earlier.

Revenue soared to $161.9 million from $27.3 million last year.

Results included $137.1 million in revenue and a settlement gain of $95.9 million from South Korea's Samsung Electronics Co. The two companies agreed on a patent licensing deal in January.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Conservative Lobbyist Scoffs at Boehner's 'Dickens' Comments

Monday, 26 Jan 2015 17:33 PM

One conservative in Washington disagrees with House Speaker John Boehner when he says some groups are "beating the dicke . . .

Chris Christie Embraces Monthly Radio Show Segments

Monday, 26 Jan 2015 16:53 PM

New Jersey Gov. Chris Christie has embraced his duty as radio show personality during his monthly "Ask the Governor" seg . . .

President Donald Trump Would Build a 'Real Wall' at Border

Monday, 26 Jan 2015 13:32 PM

Real estate tycoon Donald Trump says he's got some big plans for the nation if he would ever become president, and one o . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved