PLANO, Texas (AP) — PLANO, Texas (AP) — Ribbon Communications Inc. (RBBN) on Wednesday reported a loss of $30.4 million in its first quarter.
The Plano, Texas-based company said it had a loss of 18 cents per share. Losses, adjusted for amortization costs and stock option expense, came to 1 cent per share.
The maker of technology for telephone services over internet networks posted revenue of $179.7 million in the period.
For the current quarter ending in June, Ribbon Communications said it expects revenue in the range of $200 million to $210 million.
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