Ribbon Communications (RBBN) Misses Q1 EPS by 2c; offers guidance

Ribbon Communications (NASDAQ: RBBN) reported Q1 EPS of ($0.01), $0.02 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $180 million versus the consensus estimate of $193.1 million.

GUIDANCE:

Ribbon Communications sees Q2 2024 revenue of $200-210 million, versus the consensus of $208.2 million.

Non-GAAP gross margin is projected in a range of 53.5% to 54.5%. Adjusted EBITDA is projected in a range of $20 million to $25 million.

For earnings history and earnings-related data on Ribbon Communications (RBBN) click here.

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