Adtran reports Q1 EPS 14c, consensus 9c

Reports Q1 revenue $286.09M, consensus $285.54M. Adtran (ADTN) chairman and CEO Tom Stanton stated, “We delivered solid first quarter results, with revenue increasing 15.5% year-over-year, and GAAP and non-GAAP operating margin rising 380 and 300 basis points from a year ago, respectively. These results reflect the continued strength of our core markets and the operating leverage we have been building.”