Ribbon Comms Q3 Adj EPS $0.05 Misses $0.07 Estimate, Sales $203.16M Miss $219.64M Estimate
Portfolio Pulse from totan@benzinga.com
Ribbon Comms (NASDAQ:RBBN) reported Q3 earnings of $0.05 per share, missing the analyst consensus estimate of $0.07 by 28.57%. The company also reported quarterly sales of $203.16 million, missing the analyst consensus estimate of $219.64 million by 7.50%. This represents a 1.91% decrease over sales from the same period last year.
October 25, 2023 | 8:44 pm
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Ribbon Comms' Q3 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
Ribbon Comms reported lower than expected earnings and sales for Q3. This miss could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100