ADTRAN Reports Q3 Earnings with EPS Beat and Mixed Revenue Results
ADTRAN (ADTN) reported third-quarter financial results characterized by an earnings beat alongside a slight revenue miss. The company delivered non-GAAP earnings per share of $0.09, exceeding analyst expectations by $0.05. However, quarterly revenue reached $281.17 million, representing a marginal year-over-year increase of 0.6% but falling short of consensus estimates by approximately $4.55 million. On the profitability front, ADTRAN reported a non-GAAP operating margin of 5.0%, while its GAAP operating margin sat at -0.3%. The company also noted a net cash outflow from operating activities totaling $24.5 million during the period.
Tickers: $ADTN
Topics: cash flow earnings beat operating margin revenue miss