Ribbon Comms Q4 2023 Adj EPS $0.12 Misses $0.13 Estimate, Sales $226.40M Miss $234.76M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ribbon Comms (RBBN) reported Q4 2023 earnings of $0.12 per share, missing the $0.13 estimate, with sales of $226.40M also missing the $234.76M estimate. This represents a 3.10% decrease in sales compared to the same period last year.
February 14, 2024 | 9:04 pm
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Ribbon Comms reported lower than expected Q4 2023 earnings and sales, missing estimates and showing a year-over-year sales decline.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term. The year-over-year sales decline further compounds concerns about the company's growth trajectory, likely resulting in downward pressure on the stock price.
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