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 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.10 | 0.02 | 0.14 | 0.06 |
| EPS Actual | 0.17 | 0.03 | 0.18 | 0.16 |
| Revenue Estimate | 218.31M | 193.52M | 246.38M | 214.16M |
| Revenue Actual | 211.21M | 192.77M | 244.20M | 231.12M |
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