* ADTRAN Holdings Inc reported a quarterly adjusted loss of 5 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of four analysts for the quarter was for a loss of 4 cents per share. Wall Street expected results to range from -8 cents tozero cents per share.
* Revenue fell 16.4% to $227.70 million from a year ago; analysts expected $226.92 million.
* ADTRAN Holdings Inc's reported EPS for the quarter was a loss of 37 cents.
* The company reported a quarterly loss of $31.24 million.
* ADTRAN Holdings Inc shares had risen by 6.7% this quarter and lost 13.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the communications & networking peer group is also "buy"
Wall Street's median 12-month price target for ADTRAN Holdings Inc is $7.00 This summary was machine generated from LSEG data November 7 at 02:30 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.04 -0.05 Missed
Jun. 30 2024 -0.09 -0.24 Missed
Mar. 31 2024 -0.11 -0.02 Beat
Dec. 31 2023 -0.09 -1.09 Missed
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