HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Wednesday reported a loss of $45.9 million in its fourth quarter.
The Huntsville, Alabama-based company said it had a loss of 58 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were less than 1 cent on a per-share basis.
The networking equipment maker posted revenue of $242.9 million in the period.
For the year, the company reported that its loss widened to $450.9 million, or $5.67 per share. Revenue was reported as $922.7 million.
For the current quarter ending in March, ADTRAN Holdings said it expects revenue in the range of $237.5 million to $252.5 million.
ADTRAN Holdings shares have increased 27% since the beginning of the year. The stock has climbed 68% in the last 12 months.
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