Ribbon Communications Inc reports results for the quarter ended in June - Earnings Summary

Ribbon Communications

27/07/2022 22:41

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in June.
The mean expectation of three analysts for the quarter was
for earnings of 4 cents per share.
    * Revenue fell 2.6% to $205.80 million from a year ago;
analysts
expected $205.74 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was a
loss of 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ribbon Communications Inc shares had risen by 17.1% this
quarter and lost 41.2% so far this year.
    * The company reported a quarterly loss of $30.18 million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 27
at 09:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.04           0.06           Beat
 Mar. 31 2022      -0.08          -0.08          Met
 Dec. 31 2021      0.13           0.01           Missed
 Sep. 30 2021      0.12           0.11           Missed