ADTRAN Holdings: Q2 Earnings Snapshot

Associated Press Finance
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HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Sunday reported a second-quarter loss of $33.3 million, after reporting a profit in the same period a year earlier.

The Huntsville, Alabama-based company said it had a loss of 43 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The networking equipment maker posted revenue of $327.4 million in the period.

ADTRAN Holdings shares have fallen 52% since the beginning of the year. The stock has dropped 62% 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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