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Rambus stock falls after reporting first-quarter loss

Jeremy C. Owens

Rambus Inc. shares dove as much as 12% in after-hours trading Monday after the semiconductor company reported first-quarter losses. Rambus reported a net loss of $26.6 million, or 24 cents a share, on revenue of $48.4 million, up from $46.4 million a year ago. After adjusting for stock-based compensation and other effects, the company reported a loss of 8 cents a share, an improvement from an adjusted loss of 10 cents a share a year ago. After closing with a 0.6% decline at $11.82, shares dropped 6% to 12% in after-hours trading following the announcement.