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

Adtran Holdings

07/08/2023 22:01

* ADTRAN Holdings Inc  ADTN.OQ  reported quarterly breakeven
results​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for breakeven
results per share.
    * Revenue rose 90.3% to $327.38 million from a year ago;
analysts
expected $329.40 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss
of 43 cents​.
    * The mean earnings estimate of analysts had fallen by
about 103.3% 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 14.1% this
quarter and
lost 51.8% so far this year.
    * The company reported a quarterly loss of $33.33 million.
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is $13.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.00           0.00           Met
 Mar. 31 2023      0.04           -0.06          Missed
 Dec. 31 2022      0.16           0.12           Missed
 Sep. 30 2022      0.18           0.11           Missed