RingCentral's stock experienced a significant after-hours plunge of 5.71% following the release of its quarterly earnings results and forward guidance.
The cloud communications company reported first-quarter revenue of $644.199 million, slightly above the IBES estimate of $642.7 million, with earnings per share of $0.35. However, investors appeared disappointed with the company's outlook, which includes second-quarter revenue guidance of $648-653 million and adjusted EPS of $1.15-$1.17, along with full-year revenue guidance of $2,620-$2,640 million and adjusted EPS of $4.85-$5.01.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments