Recap: Ribbon Comms Q3 Earnings - Ribbon Comms (NASDAQ:RBBN)

Ribbon Comms 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.

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.

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).

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.