Ribbon Comms (NASDAQ: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:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.13 | 0.12 | 0.10 | 0.02 |
| EPS Actual | 0.01 | 0.11 | 0.17 | 0.03 |
| Revenue Estimate | 252.55M | 220.57M | 218.31M | 193.52M |
| Revenue Actual | 230.58M | 210.40M | 211.21M | 192.77M |
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.
