=RingCentral (RNG) reported earnings on Mon 29 July 2019 (a/h)

RingCentral beats by $0.05, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY19 EPS and rev above consensus

Reports Q2 (Jun) earnings of $0.21 per share, excluding non-recurring items, $0.05 better thanthe S&P Capital IQ Consensus of $0.16; revenues rose 33.8% year/year to $215.2 mln vs the $204.7 mln S&P Capital IQ Consensus.

Co issues upside guidancefor Q3, sees EPS of $0.18-0.20, excluding non-recurring items, vs. $0.18 S&P Capital IQ Consensus; sees Q3 revs of $220-222 mln vs. $219.68 mln S&P Capital IQ Consensus.

Co issues upside guidancefor FY19, sees EPS of $0.77-0.79 from $0.71-0.75, excluding non-recurring items, vs. $0.73 S&P Capital IQ Consensus; sees FY19 revs of $874-877 mln from $862-866 mln vs. $864.20 mln S&P Capital IQ Consensus.