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General

Adtran expects September quarter revenue to be approximately USD 114 mln

Thursday 10 October 2019 | 14:11 CET | News
Adtran said it expects revenue for the quarter to 30 September to be approximately USD 114 million based on preliminary results. Earnings per share for the quarter, assuming dilution, is expected to be a loss of approximately USD 0.96. Earnings per share is expected to be affected by a one-time, non-cash, valuation allowance of approximately USD  37 million, that will be recorded to income tax expense in the company's consolidated income statement to reduce the carrying value of the company's deferred tax assets.

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Categories: General
Companies: Adtran
Countries: World
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