Published On: Wed, Feb 14th, 2018

RingCentral Inc. (RNG) Jumped To A New High After Q4 Profit Beat

Inc. (RNG) reported fourth quarter non-GAAP EPS of $0.07 the bell Monday, up from $0.03 a year ago. Analysts expected EPS of $0.06. The company expects to report first quarter EPS of $0.11 to $0.13 and full year 2018 EPS of $0.56 to $0.60. The consensus estimates are for EPS of $0.05 and $0.28.

RingCentral gapped open sharply higher Tuesday, but traded in a range for the bulk of the session. The stock closed up by 3.80 at $57.15 on above average volume. RingCentral climbed above a 1-month trading range and set a new high for the year.

by RTT Staff Writer

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