RingCentral Q1 2024 Adj EPS $0.87 Beats $0.80 Estimate, Sales $584.211M Beat $578.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
RingCentral (NYSE:RNG) reported Q1 2024 earnings of $0.87 per share, surpassing the consensus estimate of $0.80, and sales of $584.211M, exceeding the $578.167M estimate. This represents a 9.47% increase in sales compared to the same period last year.
May 07, 2024 | 8:09 pm
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RingCentral reported higher-than-expected Q1 2024 earnings and sales, indicating strong financial performance and potential growth.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year sales growth further underscores the company's strong performance and potential for future growth, making this news highly relevant and important for investors in RNG.
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