Adtran Q2 2024 Adj. EPS $(0.24) Misses $(0.09) Estimate, Sales $225.991M Beat $225.875M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adtran (NASDAQ:ADTN) reported Q2 2024 adjusted EPS of $(0.24), missing the $(0.09) estimate by 166.67%. However, sales of $225.991M slightly beat the $225.875M estimate. This represents a 30.97% decrease from the same period last year.
August 06, 2024 | 5:19 am
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Adtran reported a significant EPS miss for Q2 2024, with a loss of $(0.24) per share compared to the $(0.09) estimate. However, sales slightly beat expectations at $225.991M. This mixed result, combined with a 30.97% YoY sales decline, is likely to put downward pressure on the stock in the short term.
The significant EPS miss indicates worse-than-expected profitability, which is a negative signal for investors. Although sales slightly beat estimates, the YoY decline of 30.97% highlights ongoing challenges. These factors combined are likely to result in a negative short-term impact on the stock price.
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