Adtran reports Q3 EPS 5c, consensus 8c

Reports Q3 revenue $279.44M, consensus $277.48M. Adtran (ADTN) chairman and CEO Tom Stanton stated, “Our third quarter revenue and operating margin were above the midpoint of our expectations, with robust sequential and year-over-year growth. The results reflect disciplined execution, broad-based growth, and continued momentum in a healthy industry environment. We’ve strengthened our capital structure, improved efficiency, and remain focused on key areas of the company.”