HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Wednesday reported a loss of $10.6 million in its first quarter.
On a per-share basis, the Huntsville, Alabama-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The networking equipment maker posted revenue of $247.7 million in the period.
For the current quarter ending in June, ADTRAN Holdings said it expects revenue in the range of $247.5 million to $262.5 million.
ADTRAN Holdings shares have fallen roughly 5% since the beginning of the year. The stock has increased 47% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADTN at https://www.zacks.com/ap/ADTN
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