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Adtran posts Q1 loss as revenues fall 29%

Wednesday 18 April 2018 | 09:25 CET | News
Adtran posted a net loss of USD 9.1 million for the first quarter, compared to a profit of USD 6.7 million a year earlier, as revenues fell 29 percent year-on-year to USD 120.8 million. Adtran said it continued to be impacted by a merger-related review and slowdown in spending at a Tier 1 customer in the US. This was coupled with restructuring expenses and lower international gross margins, negatively affecting profit margins.

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Categories: Fixed
Companies: Adtran
Countries: World
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