HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Monday reported a loss of $20.5 million in its second quarter.
On a per-share basis, the Huntsville, Alabama-based company said it had a loss of 24 cents. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.
The networking equipment maker posted revenue of $265.1 million in the period.
For the current quarter ending in September, ADTRAN Holdings said it expects revenue in the range of $270 million to $280 million.
ADTRAN Holdings shares have increased 14% since the beginning of the year. The stock has risen 56% 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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