|INFN and optical feeling impact from this.|
ADTRAN, Inc. Announces Revised Fourth Quarter Revenue and Earnings Estimate
December 28, 2017
HUNTSVILLE, Ala.--(BUSINESS WIRE)--
ADTRAN, Inc. ( ADTN) announced revised revenue and earnings estimates for the fourth quarter ending December 31, 2017. Based upon information currently available, revenue for the quarter is expected to be approximately $125 million. Non-GAAP earnings per share for the quarter are expected to be approximately $0.01. GAAP earnings per share for the quarter, assuming dilution, are expected to be a loss of approximately $0.04. Further, our current expectations are that revenue for the first quarter of 2018 will be in the range of the fourth quarter of 2017.
ADTRAN Chief Executive Officer Tom Stanton stated, “Our performance this quarter has been significantly impacted by a merger-related review and slowdown in the spending at a domestic Tier 1 customer. Our current understanding is that this review will be completed in 60 to 90 days, at which time capital plans will be finalized. Going forward, recent awards and trials in Tier 1 customer accounts, both domestically and abroad, leave us very confident about our positioning.”
GAAP earnings per share exclude any potential income tax effects of the Tax Cuts and Jobs Act. Non-GAAP earnings per share exclude the effect of acquisition-related expenses, amortizations and adjustments, and stock compensation expense.
The Company confirmed that its fourth quarter conference call will be held Wednesday, January 17, 2018, at 9:30 a.m. Central Time. ADTRAN will webcast this conference. To listen, simply visit the Investor Relations site at www.investors.adtran.com approximately 10 minutes before the start of the call and click on the conference call link provided.
An online replay of the conference call, as well as the text of the Company's earnings release, will be available on the Investor Relations site approximately 24 hours following the call and will remain available for at least 12 months.
ADTRAN, Inc. is a leading global provider of networking and communications equipment. ADTRAN’s products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations, and millions of individual users worldwide. For more information, please visit www.adtran.com.
For more information, contact the company at 800 9ADTRAN (800 923-8726) or via email at email@example.com. On the Web, visit www.adtran.com.
ADTRAN (ADTN) Issues Q4 Earnings Outlook, Trims Revenue View
Zacks Equity Research
ZacksDecember 29, 2017
ADTRAN, Inc. ADTN has issued earnings estimates for the fourth quarter of 2017. Additionally, the company has lowered guidance for revenues in the same quarter.
Revenues for the to-be-reported quarter are estimated at $125 million. Previous guidance for the same was in the range of $155-$165 million. Whereas earnings per share (adjusted) are anticipated at around a penny.
The Zacks Consensus Estimate for fourth-quarter top line stands at $162.10 million while the same for the bottom line is pegged at 15 cents per share.
Additionally, the company expects revenues for the first quarter of 2018 at around the same range of its fourth-quarter 2017 revenues.
Per ADTRAN’s CEO Tom Stanton, the company’s performance this quarter has been greatly hindered by a merger-related review and slowdown in its spending at a domestic Tier 1 customer. The company hopes that the review will be completed within 60-90 days, after which, its capital plans will be finalized. Moreover, ADTRAN claims that recent awards and trials in Tier 1 customer accounts, both domestically as well as abroad, are likely to strengthen its financials going forward.