Adtran Lowers Q1 Outlook

HUNTSVILLE, Ala. -- ADTRAN, Inc. (NASDAQ: ADTN - News) announced revised revenue and earnings estimates for the first quarter ending March 31, 2012. Based upon information currently available, revenue for the quarter is expected to range from $130 million to $135 million. GAAP earnings per share for the quarter, assuming dilution, are expected to range from $0.17 to $0.20. Non-GAAP earnings per share for the quarter are expected to range from $0.22 to $0.25. Non-GAAP earnings per share exclude the effect of acquisition related expenses, amortizations and adjustments related to the acquisition of Bluesocket, Inc. and the planned acquisition of the NSN Broadband Access business, and stock compensation expense.

ADTRAN Chief Executive Officer Tom Stanton stated, “Two issues impacted us in the first quarter. The first was a slower than normal start to the seasonal buying pattern at some of our carrier customers. The second, which had a greater impact, was a delay in both the start and ramp of orders from a carrier customer due to new system implementations. Order rates for the month of March have substantially improved and we are encouraged that the prior slowdown that we experienced is behind us.”

Adtran Inc. (Nasdaq: ADTN)

Be the first to post a comment regarding this story.
Sign In