Benzinga | Oct 27, 2021 06:08PM EDT

Recap: Ribbon Comms Q3 Earnings

Ribbon Comms (NASDAQ:RBBN) reported its Q3 earnings results on Wednesday, October 27, 2021 at 04:03 PM.

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

Earnings

Ribbon Comms missed their estimated earnings by 8.33%, reporting an EPS of $0.11 versus an estimate of $0.12, which did not surprise analysts.

Revenue was up $20,720,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.07, which was followed by a 0.0% increase in the share price the next day.

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



Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.10 0.02 0.14 0.06EPS Actual 0.17 0.03 0.18 0.16Revenue Estimate 218.31M 193.52M 246.38M 214.16MRevenue Actual 211.21M 192.77M 244.20M 231.12M

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