Ribbon Comms Q3 2024 Adj. EPS $0.05 Misses $0.06 Estimate, Sales $210.238M Miss $212.135M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ribbon Comms reported Q3 2024 earnings per share of $0.05, missing the consensus estimate of $0.06. Sales were $210.238 million, slightly below the expected $212.135 million, but up 3.48% from last year.
October 23, 2024 | 8:04 pm
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Ribbon Comms reported Q3 2024 earnings that missed analyst estimates, with EPS at $0.05 versus the expected $0.06. Sales were also slightly below expectations at $210.238 million.
The earnings per share and sales figures both missed analyst expectations, which is typically viewed negatively by investors. This could lead to a short-term decline in the stock price as the market reacts to the underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100