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Ribbon Comms: Q2 Earnings Insights

Ribbon Comms (NASDAQ:RBBN) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:03 PM. Here's what investors need to know about the announcement. Earnings Ribbon Comms beat estimated earnings by 50.0%, reporting an EPS of $0.06 versus an estimate of $0.04.
byBenzinga Insights
July 27, 2022
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Ribbon Comms (NASDAQ:RBBN) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:03 PM.

Here’s what investors need to know about the announcement.

Earnings

Ribbon Comms beat estimated earnings by 50.0%, reporting an EPS of $0.06 versus an estimate of $0.04.

Revenue was down $5.41 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 8.2% increase in the share price the next day.

Here’s a look at Ribbon Comms’s past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.08 0.13 0.12 0.10
EPS Actual -0.08 0.01 0.11 0.17
Revenue Estimate 172.74M 252.55M 220.57M 218.31M
Revenue Actual 173.20M 230.58M 210.40M 211.21M

To track all earnings releases for Ribbon Comms visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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