Business News • MarketWire • Hanging in the Balance -- One Win, One More to Go |
Hanging in the Balance -- One Win, One More to Go |
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Hanging in the Balance -- One Win, One More to Go
JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 28, 2010) - www.rothmanresearch.com -- In the game of forecasting earnings, Wall Street is often caught missing its previsions by more or less a few cents. However, when Rambus Inc. (NASDAQ: RMBS) reported its earnings results last week the Street was left flabbergasted and for good cause. Street consensus for Rambus was estimated with revenue of $50 million and profits of $0.06 per share, but the experts' calculus for Rambus earnings omitted one factor of significant proportion -- a pending settlement with Samsung Electronics which the court turned into a victory in favor of Rambus Inc. This update helped propelled what otherwise would have been a trivial result into an investor's symphony; revenue of $161.9 million and profits of $1.28 a share. "Samsung has arranged for payment of $700 million to be made
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