Ribbon Comms Q2 Adj EPS $0.04, Inline, Sales $210.62M Miss $210.79M Estimate
Portfolio Pulse from saritha@benzinga.com
Ribbon Comms (NASDAQ:RBBN) reported Q2 earnings of $0.04 per share, meeting analyst consensus. This is a 33.33% decrease from the same period last year. The company's quarterly sales of $210.62M missed the analyst consensus of $210.79M by 0.08%, but increased by 2.34% from last year.
July 26, 2023 | 8:04 pm
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Ribbon Comms reported Q2 earnings in line with analyst consensus but a decrease from last year. Sales missed estimates but increased YoY.
Ribbon Comms' Q2 earnings met analyst expectations, which is generally positive. However, the YoY decrease in earnings and the slight miss in sales estimates could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100