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Actionable news in RMBS: Rambus, Inc.,

Rambus sees second-quarter sales below Street view

Rambus Inc. RMBS, +0.73% reported lower revenue and profit in the first quarter and projects revenue below Wall Street estimates for the current period.

Rambus expects second-quarter revenue of $72 million to $77 million, while analysts polled by Thomson Reuters expect $79 million.

Shares fell 8.5% to $12.60 in after-hours...