Adtran Lowers Q2 Revenue Outlook Amid Customer Project Delay
Adtran (NASDAQ:ADTN) shares fell 14% after revising its second-quarter revenue forecast downward to $280-282 million, citing a major customer project delay and ongoing cost pressures. The company also cut margin expectations for the quarter.
Tickers: $ADTN
Topics: margin_pressure revenue_forecast_reduction stock_price_drop