Adtran grows profits on stable revenues in Q1

Wednesday 13 April 2016 | 10:24 CET | News
Adtran reported first-quarter revenues little changed year-on-year at USD 142.2 million, while net profit rose to USD 5.0 million or 10 cents a share from USD 3.3 million or USD 0.06 per share a year ago. On an adjusted basis, EPS rose to USD 0.14 from USD 0.10. Adtran CEO Tom Stanton said earnings were better than initial expectations. The company saw 39 percent revenue growth in its home market, with both product and service revenue higher. Improved gross margins and lower operating expenses helped operating profit jump 181 percent year-on-year. The company also confirmed its quarterly cash

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Categories: Fixed
Companies: Adtran
Countries: World
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