Rambus Q3 Loss Narrows, To Buyback 20 Mln Shares

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.

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