Recap: Ribbon Comms Q4 Earnings
Portfolio Pulse from Benzinga Insights
Ribbon Comms (NASDAQ:RBBN) reported Q4 earnings with an EPS of $0.12, missing estimates by 7.69% and a revenue decrease of $7.24 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 2.63% the following day. The company has had mixed earnings performance over the past year.
February 14, 2024 | 9:05 pm
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Ribbon Comms reported a Q4 EPS of $0.12, missing estimates by 7.69%, with a revenue decrease of $7.24 million from the previous year. The company's share price increased by 2.63% the day after last quarter's earnings miss.
Ribbon Comms's Q4 earnings miss and revenue decrease could potentially impact investor sentiment negatively in the short term. However, historical performance shows that the company's stock price increased following a previous earnings miss, indicating that the market may have already adjusted expectations. The mixed past performance and the slight miss in estimates suggest a neutral short-term impact on RBBN's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100