Brief: Ribbon Communications Inc. Reports Q2 GAAP EPS $0.15

Ribbon Communications

28/07/2021 21:20

July 28 (Reuters) - Ribbon Communications Inc  RBBN.O :
    * . REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS
    * SEES Q3 NON-GAAP EARNINGS PER SHARE $0.11 TO $0.13
    * Q2 REVENUE $211 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$218.3
MILLION
    * Q2 GAAP DILUTED EARNINGS PER SHARE $0.15
    * Q2 NON-GAAP DILUTED EARNINGS PER SHARE $0.17
    * FOR Q3 OF 2021, COMPANY PROJECTS REVENUE OF $215 MILLION
TO $225
MILLION, NON-GAAP GROSS MARGIN OF 57% TO 58%
    * FOR FULL YEAR 2021, EARNINGS GUIDANCE REMAINS UNCHANGED
    * FOR FY 2021 REVENUE IS NOW PROJECTED TO BE APPROXIMATELY
$900
MILLION WITH INCREASED NON-GAAP GROSS MARGIN OF 58% TO 59%
    * FY2021 REVENUE VIEW $930.4 MILLION -- REFINITIV IBES DATA
    * Q2 EARNINGS PER SHARE VIEW $0.10 -- REFINITIV IBES DATA
    * Q3 EARNINGS PER SHARE VIEW $0.16, REVENUE VIEW $246.2
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nPn8L3pKVa 
Further company coverage:  RBBN.O 

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