Recap: Ribbon Comms Q1 Earnings

Ribbon Comms 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.

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.

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).

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.

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