HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Monday reported a loss of $49.9 million in its second quarter.
The Huntsville, Alabama-based company said it had a loss of 63 cents per share. Losses, adjusted for one-time gains and costs, came to 24 cents per share.
The networking equipment maker posted revenue of $226 million in the period.
ADTRAN Holdings shares have fallen 22% since the beginning of the year. The stock has fallen 36% in the last 12 months.
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