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

Ribbon Communications

26/07/2023 22:02

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended in June.
The mean expectation of five analysts for the quarter was
for earnings of 4 cents per share.
    * Revenue rose 2.3% to $210.62 million from a year ago;
analysts
expected $210.79 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was a
loss of 13 cents​.
    * The mean earnings estimate of analysts had fallen by
about 30.9%
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 23.7% this
quarter.
    * The company reported a quarterly loss of $21.48 million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.04           0.04           Met
 Mar. 31 2023      -0.04          -0.02          Beat
 Dec. 31 2022      0.00           0.09           Beat
 Sep. 30 2022      0.06           0.02           Missed