BELMONT, Calif. (AP) — BELMONT, Calif. (AP) — RingCentral Inc. (RNG) on Monday reported third-quarter net income of $17.6 million.
The Belmont, California-based company said it had net income of 19 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The cloud-based phone system provider for small businesses posted revenue of $638.7 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $636.8 million.
For the current quarter ending in December, RingCentral expects its per-share earnings to range from $1.12 to $1.15.
The company said it expects revenue in the range of $638 million to $646 million for the fiscal fourth quarter.
RingCentral expects full-year earnings in the range of $4.29 to $4.33 per share.
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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 RNG at https://www.zacks.com/ap/RNG
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