Key Takeaways:
Ribbon Communications reported Q2 revenue of $192.3 million, missing the $193.8 million consensus estimate by about $1.4 million.
The company posted a loss of $0.03 per share, wider than the $0.014 loss analysts had projected for the quarter ended June 30.
Revenue of $192.3 million fell roughly 0.7% short of the $193.8 million average analyst estimate. On the bottom line, the $0.03 per-share loss compared with expectations for a $0.014 loss, a miss of $0.016 per share.
The results come as telecom equipment providers face uneven demand from service providers and enterprise customers. Rivals such as Cisco Systems and Juniper Networks have also navigated a mixed spending environment as carriers reassess network expansion plans. The miss shows that Ribbon has not been immune to those broader industry pressures. Investors will watch for any updated outlook or cost initiatives the company may discuss on its earnings call.
This article is for informational purposes only and does not constitute investment advice.
