NEW YORK (TheStreet) -- Shares of Rambus Inc. (RMBS - Get Report) are lower by 0.55% to $12.70 in after-hours trading on Monday afternoon. The company released its fiscal 2015 first quarter earnings results, which came in above analysts' forecasts for the period.
For the most recent quarter the technology solutions company said its non-GAAP net earnings were 14 cents per diluted share on revenue of $72.9 million.
Analysts were expecting earnings of 6 cents per share on revenue of $72.88 million for the quarter ended March 2015.
Last year, the company said non-GAAP earnings were 17 cents per share on revenue of $78.3 million for the 2014 first quarter.
Rambus issued revenue guidance for the 2015 second quarter and is expecting between $70 million and $74 million. Analysts are anticipating revenue of $75.10 million.
Separately, TheStreet Ratings team rates RAMBUS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RAMBUS INC (RMBS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."
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