Why does Rambus not include 30% sequential decline revenues outlook for 3rd quarter in press release | RMBS Message Board Posts

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Msg  786711 of 787484  at  8/24/2019 7:52:56 PM  by

ThinkandGrowRich


Why does Rambus not include 30% sequential decline revenues outlook for 3rd quarter in press release? Rambus only mentions them during CC


http://investor.rambus.com/press-releases/press-release-details/2019/Rambus-Reports-Second-Quarter-2019-Financial-Results/
2019 Third Quarter Outlook

The Company will discuss revenue guidance for the third quarter of 2019 during its upcoming conference call. The following table sets forth third quarter outlook for other measures, and excludes our Payments and Ticketing business.

(In millions)
GAAP

Non-GAAP (1)
Total operating costs and expenses
$70 - $66

$58 - $54
Interest and other income (expense), net
$4

$1
Diluted share count
113

113
(1)
See “Reconciliation of GAAP Forward Looking Estimates to Non-GAAP Forward Looking Estimates” tables included below.
For the third quarter of 2019, the Company expects operating costs and expenses to be between $70 million and $66 million. Additionally, the Company expects non-GAAP operating costs and expenses to be between $58 million and $54 million. These expectations also assume non-GAAP interest and other income (expense), net, of $1 million, tax rate of 24% (refer to non-GAAP financial information below - income tax adjustments) and diluted share count of 113 million, and exclude stock-based compensation expense ($7 million), amortization expense ($5 million), non-cash interest expense on convertible notes ($2 million) and interest income related to the significant financing component from fixed-fee patent and technology licensing arrangements ($5 million).


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