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Ribbon Communications (RBBN) Misses Q4 EPS by 2c

February 19, 2020 4:49 PM

Ribbon Communications (NASDAQ: RBBN) reported Q4 EPS of $0.27, $0.02 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $161 million versus the consensus estimate of $169.9 million.

"We are pleased with our 2019 financial results and our solid finish in the fourth quarter. We continue to see benefits from our investments in software solutions with our 2019 software sales growing 23 percent compared to the prior year," said Kevin Riley, Interim Co-President and Chief Executive Officer and Chief Technology Officer. "Now that we have obtained stockholder approval, we are looking forward to completing our combination with ECI Telecom Group Ltd., which we expect to occur during the first quarter of 2020 once we receive the remaining regulatory approval. The Ribbon and ECI teams are excited to come together, integrate as one and unlock global sales expansion. This is an important step in our journey towards market diversification and growth."

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

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