Shares of Ribbon Communications Inc. (RBBN) plummeted 5.65% in pre-market trading on Thursday, following the release of the company's second-quarter earnings report. Despite posting better-than-expected revenue, investors appeared to react negatively to unchanged earnings per share and potentially soft third-quarter guidance.
Ribbon reported Q2 adjusted earnings of $0.05 per diluted share, unchanged from the same period last year and in line with analyst expectations. Revenue for the quarter ended June 30 rose to $220.6 million, up from $192.6 million a year earlier and surpassing the $213.4 million forecast by analysts polled by FactSet.
However, the company's outlook for the third quarter may have spooked investors. Ribbon expects Q3 revenue to range from $213 million to $227 million, with the midpoint falling below the $225.2 million anticipated by analysts. This guidance, combined with the flat earnings per share, suggests that Ribbon may be facing challenges in translating its revenue growth into improved profitability, potentially due to increased costs or a less favorable product mix.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。