RingCentral (RNG) Tops Q1 Earnings and Revenue Estimates

RingCentral (RNG) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of$ 0.80 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.75%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of$ 0.83 per share when it actually produced earnings of $0.86, delivering a surprise of 3.61%.O ...