Rambus Says Banner Year Unlikely, Chip Faulty
Rambus (RMBS) stock plunged to a one-year low Tuesday as the company said a chip fault “stalled” a large Q3 security deal, and the Sunnyvale, Calif., memory chipmaker lowered its Q4 and 2015 outlook. Late Monday, Rambus reported 14 cents earnings per share ex items for Q3, on $73.8 million in revenue, up 6% and 8% vs. the year-earlier quarter. But both measures missed, as analysts expected 15 cents and $76.2 million. For Q4 and 2015, Ramus sees