Rambus Inc. shares rallied in the extended session Monday after the semiconductor and IP products company’s quarterly results and outlook topped Wall Street estimates. Rambus shares jumped 11% to $12.48. The company reported adjusted fourth-quarter earnings of 18 cents a share on revenue of $76.8 million. Analysts surveyed by FactSet had forecast 8 cents a share on revenue of $74 million. Rambus estimated full-year 2016 revenue of $310 million and $325 million, while analysts expect $294 million. Rambus also said it acquired U.K. based Smart Card Software Ltd. for 64.7 million British pounds in cash, or about $92.2 million.
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