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Rambus, Inc. (NASDAQ:RMBS)
RMBS reported today financial results for the third quarter ended September 30, 2011. RMBS revenue for the third quarter of 2011 was $100.3 million, up 51% sequentially from the second quarter of 2011 primarily due to the recognition of royalties from new licensing agreements signed in the second and third quarter of 2011. As compared to the third quarter of 2010, revenue was up 216% primarily due to the revenue recognized from agreements signed since the third quarter of 2010. Revenue for the nine months ended September 30, 2011 was $229.0 million, down 2% over the same period of last year, due to the recognition during the first quarter of 2010 of revenue from the settlement agreement signed with Samsung Electronics Co., Ltd. (?Samsung?), partially offset by the revenue recognized from agreements signed since the third quarter of 2010.
RMBS is one of the world's premier technology licensing companies. As a company of inventors, RMBS focuses on the development of technologies that enrich the end-user experience of electronic systems.
For more information about RMBS please visit http://www.rambus.com
Chipotle Mexican Grill, Inc. (NYSE:CMG)
CMG reported today financial results for its third quarter ended September 30, 2011. CMG revenue for the quarter was $591.9 million, up 24.1% from the prior year period. The growth in revenue was the result of new restaurants not in the comparable base and an 11.3% increase in comparable restaurant sales. Comparable restaurant sales growth was primarily driven by increased traffic in the quarter as well as the impact of menu price increases implemented between March and August.
Steve Ells, Founder, Chairman and Co-Chief Executive Officer, started CMG with the idea that food served fast did not have to be a typical fast food experience. Today, CMG continues to offer a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through our vision of Food With Integrity, CMG is seeking better food not only from using fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food. Chipotle opened its first restaurant in 1993 and currently operates over 1,100 restaurants.
For more information about CMG please visit http://chipotle.com/
Huntington Ingalls Industries, Inc. (NYSE:HII)
HII announced today that its Newport News Shipbuilding (NNS) division was awarded a cost-plus-fixed-fee, level-of-effort contract option valued at $118.9 million from the U.S. Navy. The contract option is for work on Los Angeles-class, Seawolf-class, Virginia-class and Ohio-class submarines, special mission submersible interfaces, submarine support facilities and related programs.
HII designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.
For more information about HII please visit http://www.huntingtoningalls.com/
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