Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2020 Financial Results
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Ribbon Communications (RBBN) Tops Q4 EPS by 4c; Offers FY21 EPS/Revenue Guidance Above Consensus, Provides 1Q EPS/Revenue Outlook
February 17, 2021 4:05 PM ESTRibbon Communications (NASDAQ: RBBN) reported Q4 EPS of $0.18, $0.04 better than the analyst estimate of $0.14. Revenue for the quarter came in at $244 million versus the consensus estimate of $246.38 million.
Revenue for the fourth quarter of 2020 was $244 million, compared to $161 million for the fourth quarter of 2019, an increase of 52%. Revenue for 2020 was $844 million, compared to $563 million in 2019, an increase of 50%. Approximately $89 million of the year-over-year revenue increase in the fourth quarter and $261 million of the increase in 2020 was attributable to the... More
