ADTRAN Sees Preliminary Q2 Revenue Of $280M To $282M, Below Prior Guidance Of $283M To $303M, With GAAP Loss Per Share Of $(0.12) To $(0.14) And Non-GAAP EPS Of $0.03 To $0.05
Tom Stanton, Chairman and Chief Executive Officer, said, "Our preliminary second quarter results were directly impacted by a project delay from a single customer. In addition, margins reflected the current elevated
ADTRAN made less money than it expected in the second quarter because one big customer delayed a project. When a company misses its own forecast, that's something to notice—it might mean the company is being too hopeful about the future, or the business hit a bump.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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