ADTRAN, Inc. (ADTN) Tops Q3 EPS by 5c
Get Alerts ADTN Hot Sheet
Financial Fact:
Operating Income: 10.13M
Today's EPS Names:
RUSHA, SEIC, OSBC, More
Join SI Premium – FREE
Late Tuesday, ADTRAN, Inc. (NASDAQ: ADTN) reported Q3 EPS of $0.26, $0.05 better than the analyst estimate of $0.21. Revenue for the quarter came in at $168.9 million versus the consensus estimate of $162.53 million.
ADTRAN Chief Executive Officer Tom Stanton stated, “Our revenue performance for the quarter exceeded expectations with total revenue increasing 7% over the same period last year. I am particularly pleased to see our international business grow 42 percent over the previous quarter and 7 percent year-over-year, driven by stronger broadband access sales in Europe. I am also pleased with the continued growth in our services business which increased 35 percent over the previous quarter and grew 63 percent year-over-year as we execute on our leading market position in CAF II and vectoring solutions and services. We continue to believe that ADTRAN's ability to help service providers grow revenue, reduce costs, accelerate buildout and transition to a software-defined access network is proving to be a catalyst for change within the industry."
For earnings history and earnings-related data on ADTRAN, Inc. (ADTN) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
- PROG Holdings Inc (PRG) Tops Q1 EPS by 9c
- Bunge Limited (BG) Tops Q1 EPS by 50c, misses on revenue and guidance
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!