ADTRAN Inc. (NASDAQ:ADTN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
ADTRAN Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 15% to $0.17 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Rose 6.13% to $143 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: ADTRAN Inc. reported adjusted EPS income of $0.17 per share. By that measure, the company beat the mean analyst estimate of $0.08. It beat the average revenue estimate of $139.82 million.
Quoting Management: ADTRAN Chief Executive Officer Tom Stanton stated, “Operating results for the quarter came in as expected with our domestic carrier business continuing to solidify and our overall revenue positively impacted by sequential growth internationally and in our Enterprise business. We believe our company is well positioned for an improving spending environment in our markets and strategic investments by our carrier customers.”
Key Stats (on next page)…
Revenue increased 2.32% from $139.76 million in the previous quarter. EPS increased 183.33% from $0.06 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.19 to a profit $0.16. For the current year, the average estimate has moved down from a profit of $0.73 to a profit of $0.69 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)