Rambus Inc. (RMBS) Monday reported third-quarter net loss of $12.8 million or $0.11 per share, compared to $17.3 million or $0.16 per share last year.

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Rambus Inc. (RMBS) Monday reported third-quarter net loss of $12.8 million or $0.11 per share, compared to $17.3 million or $0.16 per share last year.

RTTNews | Nov 2, 2020 04:44PM EST

16:43 Monday, November 2, 2020 (RTTNews.com) - Rambus Inc. (RMBS) Monday reported third-quarter net loss of $12.8 million or $0.11 per share, compared to $17.3 million or $0.16 per share last year.

Total revenues dropped to $56.9 million from $57.4 million last year.

Analysts polled by Thomson Reuters expected earnings of $0.27 per share on revenues of $103 million.

The company also authorized new stock repurchase program of 20 million shares.

Read the original article on RTTNews ( https://www.rttnews.com/3142075/rambus-q3-loss-narrows-to-buyback-20-mln-shares.aspx)

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