Adtran Holdings Inc Reports Results For The Quarter Ended In December: Earnings Summary

Adtran Holdings

21/02/2023 04:42

* ADTRAN Holdings Inc  ADTN.OQ  reported quarterly adjusted
earnings of 12 cents​​ per share for the quarter ended in
December. The mean expectation of six analysts for the quarter
was for earnings of 16 cents per share.
    * Revenue rose 132.4% to $358.27 million from a year ago;
analysts
expected $366.69 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was 49
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8% in
the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * ADTRAN Holdings Inc shares had fallen by 8.0% this
quarter.
    * The company reported quarterly net income of $38.88
million.
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is $29.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
21 at 04:41 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.16           0.12           Missed
 Sep. 30 2022      0.18           0.11           Missed
 Jun. 30 2022      0.11           0.19           Beat
 Mar. 31 2022      0.05           0.20           Beat