Rambus reports EPS in-line, revs in-line; guides FY14 revs above consensus
Reports Q4 (Dec) adj. earnings of $0.14 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.14; revenues rose 27.9% year/year to $73.4 mln vs the $73.21 mln consensus, due to the new license agreements signed with SK Hynix, Micron Technology, ST Microelectronics and LSI Corporation during 2013.
Co issues upside guidance for FY14, sees FY14 customer licensing income and rev of $295-305 mln vs. $287.79 mln Capital IQ Consensus Estimate. Customer licensing income and revenue are not without risk and include expectations that the Company will sign new customers for patent as well as solutions licensing. The Company also expects to keep its non-GAAP operating expenses relatively flat, year over year.