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0.000681198910081729 0 0.000681198910081729 0.00340599455040865 0.0088555858310626 0 0 0.0115803814713896
Stock impact report

ADTRAN Reports Wider-Than-Expected Q3 Loss on Lower Revenues [Yahoo! Finance]

ADTRAN Holdings, Inc. (ADTN) 
Last adtran holdings, inc. earnings: 2/5 08:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar The company recorded a top-line contraction year over year due to lackluster demand trends in the Network Solutions business. Macroeconomic challenges and inventory corrections continued to impact customer spending during the quarter. However, management focuses on cost optimization and enhancing its operating model to ensure higher long-term shareholder returns. On a GAAP basis, the company incurred a net loss of $31.2 million or 36 cents per share compared with $78.2 million or $1.00 per share in the year-ago quarter. Despite lower sales, a decline in costs of revenues and operating expenses led to the bottom-line improvement. Non-GAAP net loss was $6.7 million or 5 cents per share compared with $13.9 million or 18 cents per share in the year-ago quarter. The loss was wider than the Zacks Consensus Estimate of 2 cents. ADTRAN Holdings, Inc. price-consensus-eps-surprise-chart | ADTRAN Holdings, Inc. Quo Show less Read more
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