ADTRAN, Inc. (ADTN) Falls 8% Following Q1 Miss

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Go back to ADTRAN, Inc. (ADTN) Falls 8% Following Q1 Miss

ADTRAN, Inc. Reports Earnings for the First Quarter 2018 and Declares Quarterly Cash Dividend

April 17, 2018 8:10 PM EDT

HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the first quarter 2018. For the quarter, sales were $120.8 million compared to $170.3 million for the first quarter of 2017. Net loss was $9.1 million compared to net income of $6.7 million for the first quarter of 2017. Earnings per share, assuming dilution, were a loss of $0.19 compared to income of $0.14 for the first quarter of 2017. Non-GAAP earnings per share were a loss of $0.29 compared to income of $0.18 for the first quarter of 2017. GAAP earnings per share include the benefit of an acquisition-related bargain... More