Rambus Profit Falls on Weaker Sales

Rambus Inc. reported a 19% decline in profit to $3.9 million, or 4 cents a share, for its fiscal third quarter, citing weak personal computer sales. The company, which licenses computer-memory patents to chip makers, said revenue rose 31% to $23.3 million but will be down in the next quarter.

Operating profit should be “around break-even” for the next three quarters, the company said. Analysts were expecting profit of 5 cents for the fourth quarter.

Shares of Los Altos, Calif.-based Rambus closed up $1.28 at $10.88 on Nasdaq before the results were announced.