ADTRAN (ADTN) Reports Wider Q2 Loss on Lower Revenues Y/Y
ADTNADTRAN (ADTN) ZACKS·2024-08-07 01:55

ADTRAN Holdings Inc. (ADTN) reported lackluster results for the second quarter of 2024. The company’s bottom line was wider than the Zacks Consensus Estimate due to a tough macroeconomic environment. However, the top line matched estimates, supported by increased customer growth in the United States and Europe due to their latest fiber networking solutions.Net IncomeOn a GAAP basis, net loss in the second quarter was 49.9millionoralossof63centspersharecomparedwithalossof49.9 million or a loss of 63 cents per share compared with a loss of 39.1 million or a lo ...