HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Wednesday reported a loss of $3.6 million in its fourth quarter.
The Huntsville, Alabama-based company said it had a loss of 2 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, came to 16 cents per share.
The networking equipment maker posted revenue of $291.6 million in the period.
For the year, the company reported that its loss narrowed to $45.7 million, or 52 cents per share. Revenue was reported as $1.08 billion.
For the current quarter ending in March, ADTRAN Holdings said it expects revenue in the range of $275 million to $295 million.
ADTRAN Holdings shares have increased 23% since the beginning of the year. The stock has increased slightly more than 2% 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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