Reported Earlier, Adtran Q4 Adj. EPS $(1.09) Misses $(0.11) Estimate, Sales $225.48M Miss $228.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adtran (NASDAQ:ADTN) reported a significant miss in Q4 adjusted EPS at $(1.09) versus the $(0.11) estimate and a slight miss in sales at $225.48M against the $228.30M estimate. This represents a drastic decrease in earnings and a 37.06% drop in sales compared to the same period last year.
February 27, 2024 | 6:14 am
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Adtran reported a significant miss in Q4 earnings and sales, with adjusted EPS at $(1.09) against an $(0.11) estimate and sales of $225.48M missing the $228.30M estimate.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a drastic decrease from the previous year's performance, is likely to negatively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100