Adtran Q2 EPS $0.00 Down From $0.19 YoY, Sales $327.39M Miss $329.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adtran (NASDAQ:ADTN) reported Q2 earnings of $0.00 per share, a 99.47% decrease YoY. The company's quarterly sales were $327.39M, missing the analyst consensus estimate of $329.40M by 0.61%. However, this is a 90.30% increase over sales of $172.04M from the same period last year.
August 07, 2023 | 5:05 am
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Adtran's Q2 earnings per share decreased significantly YoY, and sales missed estimates. However, sales increased significantly compared to the same period last year.
Adtran's earnings per share decreased significantly compared to the same period last year, which could negatively impact investor sentiment. Additionally, the company's sales missed analyst estimates, which could further dampen investor sentiment. However, the significant YoY increase in sales could provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100