Rambus (Nasdaq: RMBS) raises Q4 revenue outlook, shares jump

Tallahassee, FL 1/3/12 (StreetBeat) -- Rambus Inc (Nasdaq:RMBS) raised its fourth-quarter revenue outlook, despite losing a major lawsuit late last year, helped by new deals.

The technology licensing company said it expects fourth- quarter revenue of about $83 million, above the $66-$71 million it projected earlier.

The two analysts who follow Rambus, according to Thomson Reuters I/B/E/S, were on average expecting $69 million in revenue for the three-month period.

The company signed a patent licensing deal with Broadcom Inc (Nasdaq:BRCM) last month, its latest in a string of deals.

Rambus shares rose nearly 10 percent in pre-market trading following the announcement. They have lost about 60 percent of their value since November, after the company lost a $4 billion antitrust lawsuit against Micron Technology Inc (Nasdaq:MU) and Hynix Semiconductor Inc.

The company's shares closed at $7.55 on Friday on Nasdaq.

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