- ADTRAN ( NASDAQ: ADTN ) sees Q4 prelim revenues to be at $358.3M compared to $366.69M based on analysts consensus estimates ; prelim net income inclusive of the non-controlling interest is estimated at $35M.
- Prelim net income stood at $38.9M and prelim diluted EPS of $0.49.
- Prelim non-GAAP net income stood at $9.9M and prelim non-GAAP diluted EPS was $0.12; analysts consensus estimates for EPS stood at $0.16.
- Chairman and CEO Tom Stanton commented, "Fourth quarter revenue was in the lower side of our guidance range at $358.3M, as strength in optical networking solutions helped to offset delays in new product introductions. The supply environment has improved year-over-year, which had a positive effect on our gross margins. We also expect supply bottlenecks to continue to alleviate during 2023. Our strong growth in the EMEA region underlines our increased global presence with greater customer diversity as we move into an unprecedented network upgrade cycle."
- The company declared a cash dividend of $0.09/share.
- Q4 results are scheduled for Mar.1 release.
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ADTRAN sees Q4 prelim revenues below analysts consensus