Recap: Ribbon Comms Q1 Earnings

Ribbon Comms RBBN reported its Q1 earnings results on Wednesday, April 27, 2022 at 04:03 PM.

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

Earnings

Ribbon Comms reported in-line EPS of $-0.08 versus an estimate of $-0.08.

Revenue was down $19.57 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.12 which was followed by a 22.74% drop in the share price the next day.

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

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 Q2 2022, expecting earnings between $0.03 and $0.06 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.