Ribbon Communications: 2Q Earnings Snapshot
WESTFORD, Mass. (AP) _ Ribbon Communications Inc. (RBBN) on Wednesday reported second-quarter net income of $49.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Westford, Massachusetts-based company said it had net income of 45 cents. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The maker of technology for telephone services over internet networks posted revenue of $145.4 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit $4.92. A year ago, they were trading at $6.79.