ADTRAN, Inc. (ADTN) Tops Q1 EPS by 6c

ADTRAN, Inc. (NASDAQ: ADTN) reported Q1 EPS of $0.14, $0.06 better than the analyst estimate of $0.08. Revenue for the quarter came in at $142.2 million versus the consensus estimate of $141.07 million.

ADTRAN Chief Executive Officer Tom Stanton stated, “ADTRAN delivered a solid performance this quarter resulting in earnings coming in ahead of initial expectations. Compared to the same period last year, Q1 domestic revenue was up over 39% with increases in both our products and services businesses. Improved gross margins and lower operating expenses helped us increase operating income over 181% versus Q1 of 2015. Longer term, we expect further improvement in the carrier environment as customers accelerate investments in upgrading their network infrastructure to meet customer demand.”

For earnings history and earnings-related data on ADTRAN, Inc. (ADTN) click here.

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