RingCentral (NYSE:RNG) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
RingCentral beat estimated earnings by 10.14%, reporting an EPS of $0.76 versus an estimate of $0.69.
Revenue was up $66.03 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 23.42% drop in the share price the next day.
Here’s a look at RingCentral’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.59 | 0.50 | 0.40 | 0.34 |
| EPS Actual | 0.60 | 0.55 | 0.45 | 0.39 |
| Revenue Estimate | 527.40M | 502.69M | 479.29M | 458.69M |
| Revenue Actual | 524.75M | 509.03M | 486.90M | 467.66M |
To track all earnings releases for RingCentral visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
