RingCentral Q2 Adj. EPS $0.83 Beats $0.75 Estimate, Sales $539.00M Beat $536.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
RingCentral (NYSE:RNG) reported Q2 earnings of $0.83 per share, beating the analyst consensus estimate of $0.75 by 10.67%. This is an 84.44% increase from the same period last year. The company also reported quarterly sales of $539.00 million, beating the analyst consensus estimate of $536.04 million by 0.55%. This is a 10.70% increase from the same period last year.
August 07, 2023 | 8:03 pm
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POSITIVE IMPACT
RingCentral's Q2 earnings and sales beat analyst estimates, indicating strong financial performance.
RingCentral's Q2 earnings and sales exceeded analyst estimates, which is a positive signal for the company's financial performance. This could lead to increased investor confidence and potentially a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100