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Adtran +9.3% after record revenue drives Q2 beat [Seeking Alpha]

ADTRAN (ADTN)  More Company Research Source: Seeking Alpha
Last adtran earnings: 4/17 08:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.adtran.com/overview/default.aspx
PDF Communications equipment provider Adtran (NASDAQ: ADTN ) has after Q2 earnings again included record revenue, again driven by ultra-broadband solutions. "We continue to be at the forefront of several inflection points of innovation in the market, including next generation optical access, services transformation and Software Defined Access (SD-Access)," says CEO Tom Stanton. Gross profit grew 7.2%, to $84.6M; net income was up 21% to $12.4M. Sales breakout: Products, $155.5M (up 12.3%); Services, $29.1M (up 20.6%). Cash and equivalents came to $88.8M, up from $79.9M as of Dec. 31. Conference call to come at 10:30 a.m. ET. Press release Now read: Acacia Communications -6.1% as preliminary Q2 misses » [Read more]

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