Recap: Ribbon Comms Q3 Earnings

Recap: Ribbon Comms Q3 Earnings

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.

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

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.

Posted In: BZI-RecapsEarnings