RingCentral: Q4 Earnings Snapshot

BELMONT, Calif. (AP) — BELMONT, Calif. (AP) — RingCentral Inc. (RNG) on Tuesday reported a loss of $47.2 million in its fourth quarter.

The Belmont, California-based company said it had a loss of 50 cents per share. Earnings, adjusted for one-time gains and costs, were 86 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The cloud-based phone system provider for small businesses posted revenue of $571.3 million in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $569.7 million.

For the year, the company reported a loss of $165.2 million, or $1.74 per share. Revenue was reported as $2.2 billion.

For the current quarter ending in March, RingCentral expects its per-share earnings to range from 79 cents to 80 cents.

The company said it expects revenue in the range of $575 million to $580 million for the fiscal first quarter.

RingCentral expects full-year earnings in the range of $3.50 to $3.58 per share, with revenue ranging from $2.37 billion to $2.4 billion.

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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