RingCentral Q4 2023 Adj EPS $0.86 Beats $0.82 Estimate, Sales $571.00M Beat $570.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
RingCentral (NYSE:RNG) reported Q4 2023 adjusted EPS of $0.86, surpassing the $0.82 estimate, with sales of $571.00M exceeding the $570.42M estimate. This represents an 8.81% increase in sales compared to the same period last year.
February 20, 2024 | 9:06 pm
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RingCentral reported Q4 2023 adjusted EPS of $0.86, beating estimates, with sales of $571M also surpassing expectations. Sales increased by 8.81% compared to the same period last year.
RingCentral's earnings and sales beat not only demonstrates the company's ability to surpass analyst expectations but also indicates a strong year-over-year growth in sales. This positive earnings report is likely to instill investor confidence and could lead to a short-term uptick in RNG's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100