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Broadband

Adtran moves to net profit on higher revenues in Q3

Tuesday 3 November 2020 | 16:09 CET | News
Adtran saw its Q3 revenue increase to USD 133.1 million from USD 114.1 million a year earlier. The company moved to net income of USD 5.5 million from a net loss of USD 46.1 million and declared a cash dividend of USD 0.09 per common share for Q3. The operating result was a profit of USD 4.5 million, an improvement from the loss of USD 20.3 million a year ago.

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Categories: Fixed
Companies: Adtran
Countries: World
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