RingCentral Expects Q2 Total Revenue Of $584.5M-$587.5M (Est $585.536M), Adj EPS Of $0.87-$0.88 (Est $0.85)
Portfolio Pulse from Benzinga Newsdesk
RingCentral anticipates Q2 total revenue to be between $584.5M and $587.5M, slightly surpassing the estimated $585.536M. Additionally, the company expects its adjusted EPS to be between $0.87 and $0.88, exceeding the estimate of $0.85.
May 07, 2024 | 8:49 pm
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RingCentral projects Q2 revenue and adjusted EPS above market expectations, indicating a positive performance outlook.
RingCentral's forecast of higher-than-expected revenue and adjusted EPS for Q2 suggests a strong financial performance, likely leading to a positive short-term impact on its stock price. The company's ability to exceed analyst estimates typically results in increased investor confidence and can drive up the stock price in the short term.
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