|Bid||12.11 x 900|
|Ask||12.16 x 900|
|Day's Range||11.60 - 13.20|
|52 Week Range||4.80 - 13.20|
|Beta (5Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 07, 2020 - Oct 12, 2020|
|Forward Dividend & Yield||0.36 (2.80%)|
|Ex-Dividend Date||May 20, 2020|
|1y Target Est||13.80|
Tepid sales performance in Network Solutions segment impairs ADTRAN's (ADTN) second-quarter 2020 performance.
ADTRAN, Inc. (NASDAQ:ADTN) ("ADTRAN" or the "Company") today announced financial results for the second quarter of 2020. For the quarter, revenue was $128.7 million. Net income for the second quarter of 2020 was $0.8 million and earnings per share, assuming dilution, was $0.02 per share. Non-GAAP net income was $1.6 million and non-GAAP earnings per share, assuming dilution, was $0.04 per share. Non-GAAP net income and non-GAAP earnings per share exclude stock-based compensation expense, acquisition-related expenses, amortizations and adjustments, restructuring expenses, amortization of pension actuarial losses, valuation allowance related to our deferred tax assets, non-cash deferred compensation, and other one-time adjustments. The reconciliations between GAAP net income and earnings per share to non-GAAP net income and non-GAAP earnings per share are set forth in the table provided below.
Adtran (NASDAQ: ADTN) announces its next round of earnings this Wednesday, August 05. Here is Benzinga's look at Adtran's Q2 earnings report.Earnings and Revenue Wall Street analysts see Adtran reporting earnings of $0.01 per share on revenue of $127.92 million. Adtran earnings in the same period a year ago was $0.140 per share. Quarterly sales came in at $156.39 million. The Wall Street consensus estimate for earnings would represent a 92.86% decrease for the company. Here's how the company's reported EPS has stacked up against analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019 EPS Estimate -0.10 -0.13 -0.06 0.08 EPS Actual -0.05 -0.07 -0.06 0.14 Revenue Estimate 113.64 M 111.56 M 113.97 M 156.11 M Revenue Actual 114.52 M 115.79 M 114.09 M 156.39 M Stock Performance Over the last 52-week period, shares are up 11.64%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.View more earnings on ADTNDon't be surprised to see the stock move on comments made during its conference call. Adtran is scheduled to hold the call at 10:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.adtran.com%2Fnews-and-events%2Fdefault.aspx&eventid=2400111&sessionid=1&key=441E6FA1A298E6A36A8DB1A09A441178®Tag=&sourcepage=registerSee more from Benzinga * Stocks That Hit 52-Week Highs On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.