ADTRAN Earnings: Here’s Why the Stock is Rising Now

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 up 4.32%.

ADTRAN Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 36.36% to $0.21 in the quarter versus EPS of $0.33 in the year-earlier quarter.

Revenue: Decreased 11.85% to $162.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ADTRAN Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $154.16 million.

Quoting Management: ADTRAN Chief Executive Officer Tom Stanton stated, “Continuing improvement in our Internetworking and Broadband Access product areas led revenues which exceeded estimates for the quarter. During the quarter we benefited from market share gains, the geographic expansion we began last year and an improved spending environment.”

Key Stats (on next page)…

Revenue increased 13.42% from $143.01 million in the previous quarter. EPS increased 61.54% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.2 to a profit $0.21. For the current year, the average estimate has moved down from a profit of $0.72 to a profit of $0.68 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]