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

Adtran Holdings

09/05/2023 04:38

* ADTRAN Holdings Inc  ADTN.OQ  reported a quarterly
adjusted loss
of 6 cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
4 cents per share.
    * Revenue rose 109.6% to $323.91 million from a year ago;
analysts
expected $338.55 million. 
    * ADTRAN Holdings Inc's reported EPS for the quarter was a
loss
of 44 cents​.
    * The mean earnings estimate of analysts had fallen by
about 78.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * ADTRAN Holdings Inc shares had fallen by 44.8% this
quarter and
lost 53.4% so far this year.
    * The company reported a quarterly loss of $34.46 million.
    * Wall Street's median 12-month price target for ADTRAN
Holdings
Inc is $18.50 
    * 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 May
9 at 03:37 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.04           -0.06          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