Adtran reports preliminary Q1 EPS 3c, consensus 4c

Reports preliminary Q1 revenue $247.7M, consensus $255.07M. Adtran (ADTN) Holdings’ chairman and CEO Tom Stanton stated, “We executed on all fronts during the first quarter. Our strong performance reinforces Adtran’s improved operating efficiency and the strength of our business model. We delivered solid results, improving several key operating metrics, including higher revenue, strong gross and operating margins, and robust cash from operations.”