Get ready to discover the eagerly anticipated third quarter financial results of Ribbon Communications (NASDAQ: RBBN) on Wednesday 23rd October 2024. This significant announcement is scheduled to take place after market close, giving investors and analysts a chance to gain valuable insights into the company's financial performance.
Wall Street financial experts forecast that the firm is set to announce an expected $0.06 profit per share for the quarter. Moreover, the company is anticipated to disclose a total revenue of $212.13 million for this particular period.
The company's yearly performance has been analyzed by Wall Street analysts, who have projected a total revenue of $834.7 million. Additionally, they are expecting the company to achieve a per share profit of $0.24 for the fiscal year 2024.
In the preceding quarter of the previous year, the company shared its financial results, revealing that it had income of $0.05 per share.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.05 | +25.0% | 192.62 M | -8.5% |
| Q1 2024 | $-0.01 | +50.0% | 179.66 M | -3.5% |
| Q4 2023 | $0.12 | +33.3% | 226.40 M | -3.1% |
| Q3 2023 | $0.05 | +150.0% | 203.16 M | -1.9% |
| Q2 2023 | $0.04 | -33.3% | 210.62 M | +2.3% |
| *Growth on year-over-year basis | ||||
RBBN will host a conference call with investment community on 23rd October 2024 at 04:30 PM eastern time to discuss the financial results.
Ribbon Communications (RBBN) shares experienced a range of $3.38 to $3.48 on a day volume of 236.30 thousand shares. The stock closed Monday's regular trading session at $3.40, marking a 0.29 percent decline.
