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Why Rambus Stock Plunged Today
RMBSRambus(RMBS) The Motley Fool·2024-02-06 20:14

Shares of Rambus (RMBS -18.53%) are down 19.2% as of 2:45 p.m. ET Tuesday after the chip interface technologies specialist announced weaker-than-expected quarterly results.Rambus was pleased with its "strong" quarterRambus' fourth-quarter 2023 revenue fell slightly on a year-over-year basis to 122.2million,asa67122.2 million, as a 67% increase in royalties revenue (to 52.4 million) was more than offset by declines in product (down 20% to 53.7million)andcontractrevenue(down32.453.7 million) and contract revenue (down 32.4% to 16.1 million). On the bottom line ...