Ribbon Comms Q2 Adj EPS $0.05, Inline, Sales $192.62M Miss $204.97M Estimate
Portfolio Pulse from totan@benzinga.com
Ribbon Communications (NASDAQ:RBBN) reported Q2 earnings per share of $0.05, meeting analyst expectations. However, the company missed revenue estimates, reporting $192.62 million against the expected $204.97 million, marking an 8.55% decline from the previous year.
July 24, 2024 | 8:04 pm
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Ribbon Communications reported Q2 earnings per share of $0.05, meeting analyst expectations. However, the company missed revenue estimates, reporting $192.62 million against the expected $204.97 million, marking an 8.55% decline from the previous year.
While Ribbon Communications met EPS expectations, the significant miss on revenue and the year-over-year decline in sales are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100