ADTRAN Reports Wider-Than-Expected Q3 Loss on Lower Revenues
ADTRAN (ADTN) ZACKS·2024-11-08 00:35
ADTRAN Holdings Inc. (ADTN) reported soft third-quarter 2024 results, wherein both the adjusted earnings and revenues fell short of the respective Zacks Consensus Estimate.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company recorded a top-line contraction year over year due to lackluster demand trends in the Network Solutions business. Macroeconomic challenges and inventory corrections continued to impact customer spending during the quarter. However, management focuses on c ...