ADTRAN Holdings (ADTN) Reports Q3 Loss, Lags Revenue Estimates
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ADTRAN Holdings (ADTN) reported a Q3 loss of $0.05 per share, missing the Zacks Consensus Estimate of a $0.02 loss. This is an improvement from the $0.14 loss per share a year ago.
November 07, 2024 | 1:30 pm
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ADTRAN Holdings reported a Q3 loss of $0.05 per share, which was worse than the expected $0.02 loss. Despite missing estimates, the loss is smaller than last year's $0.14 per share.
The reported loss of $0.05 per share was worse than the expected $0.02 loss, which is likely to negatively impact the stock price in the short term. However, the improvement from last year's $0.14 loss may provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100