Benzinga | Oct 29, 2020 04:58PM EDT

Ribbon Communications Q3 Adj. EPS $0.16 Beats $0.06 Estimate, Sales $231.00M Beat $214.16M Estimate

Ribbon Communications (NASDAQ:RBBN) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.06 by 166.67 percent. This is a 23.08 percent increase over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $231.00 million which beat the analyst consensus estimate of $214.16 million by 7.86 percent. This is a 67.81 percent increase over sales of $137.65 million the same period last year.