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Stock impact report

ADTRAN Holdings, Inc. (ADTN) Down 16.7% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]

ADTRAN Holdings, Inc. (ADTN) 
Last adtran holdings, inc. earnings: 2/5 08:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Will the recent negative trend continue leading up to its next earnings release, or is ADTRAN Holdings, Inc. due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. ADTRAN's Q4 Loss Wider Than Expected on Lower Revenues ADTRAN reported soft fourth-quarter 2023 results, wherein both the bottom line and the top line missed the respective Zacks Consensus Estimate. The company recorded a top-line contraction year over year due to geopolitical tension, forex volatility and tough competition from other players in the market. Net Income On a GAAP basis, the net loss in the December quarter was $109.9 million or a loss of $1.40 per share against an income of $38.9 million or 49 cents per share in the prior-year quarter. The year-over-year decrease was primarily due to revenue contraction and an income tax benefit in the year-ago quar Show less Read more
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