Rambus stock dives 14% premarket after earnings as supply snag dents near-term outlook
Rambus shares fell 14.4% to $97.37 in premarket trading Tuesday after the company reported a one-time supply chain disruption that will hit near-term shipments. Fourth-quarter GAAP revenue reached $190.2 million, with record product sales of $96.8 million. The company projected lower product revenue for Q1 and warned that meeting targets depends on new contracts.