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Ribbon Communications: 2Q Earnings Snapshot

July 31, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RBBN at https://www.zacks.com/ap/RBBN

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