Adtran, Inc. (ADTN) Tops Q3 EPS by 3c; Authorizes Additional 5M Common Buyback
Adtran, Inc. (NASDAQ: ADTN) reported Q3 EPS of $0.59, ex-items, $0.03 better than the analyst estimate of $0.56. Revenue for the quarter came in at $192.19 million versus the consensus estimate of $189.44 million.
The Company announced that its Board of Directors has authorized the repurchase of an additional 5,000,000 shares of the Company’s common stock to commence upon completion of the repurchase plan announced April 14, 2008.
The Company announced that its Board of Directors has authorized the repurchase of an additional 5,000,000 shares of the Company’s common stock to commence upon completion of the repurchase plan announced April 14, 2008.