ADTRAN Holdings: Q3 Earnings Snapshot

Associated Press Finance
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HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Monday reported a loss of $72.7 million in its third quarter.

On a per-share basis, the Huntsville, Alabama-based company said it had a loss of 93 cents. Losses, adjusted for non-recurring costs and stock option expense, were 14 cents per share.

The networking equipment maker posted revenue of $272.3 million in the period.

For the current quarter ending in December, ADTRAN Holdings said it expects revenue in the range of $210 million to $240 million.

ADTRAN Holdings shares have fallen 61% since the beginning of the year. The stock has fallen 64% 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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