27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Ribbon Comms (NASDAQ:RBBN) reported its Q3 earnings results on Wednesday, October 26, 2022 at 04:03 PM.
Here's what investors need to know about the announcement.
Earnings
Ribbon Comms missed estimated earnings by 66.67%, reporting an EPS of $0.02 versus an estimate of $0.06.
Revenue was down $3.27 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 9.09% drop in the share price the next day.
Here's a look at Ribbon Comms's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | -0.08 | 0.13 | 0.12 |
| EPS Actual | 0.06 | -0.08 | 0.01 | 0.11 |
| Revenue Estimate | 205.73M | 172.74M | 252.55M | 220.57M |
| Revenue Actual | 205.80M | 173.20M | 230.58M | 210.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Ribbon Comms management provided guidance for Q4 2022, expecting earnings between $-0.01 and $0.01 per share.
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.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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