Investing.com - Ribbon Com reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ribbon Com announced earnings per share of $-0.120 on revenue of $207.100. Analysts polled by Investing.com anticipated EPS of $0.060 on revenue of $218.32M.
Ribbon Com shares are down 55% from the beginning of the year, still down 57.76% from its 52 week high of $6.41 set on January 13.
Ribbon Com follows other major Information Technology sector earnings this month
Ribbon Com's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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