ADTRAN, Inc. (NASDAQ: ADTN) announced revised revenue and earnings
estimates for the third quarter ending September 30, 2012. Based upon
information currently available, revenue for the quarter is expected to
be approximately $162 million. GAAP earnings per share for the quarter,
assuming dilution, are expected to range from $0.14 to $0.15. Non-GAAP
earnings per share for the quarter are expected to range from $0.18 to
$0.19.
ADTRAN Chief Executive Officer Tom Stanton stated, “Our performance this
quarter continued to be affected by a challenging spending environment
stemming largely from macro-economic and regulatory concerns. The
largest impact continues to be in the U.S. carrier market where we saw
continuing delays in project rollouts exacerbated by a decrease in
legacy product sales. Although timing the resolution to these macro
concerns remains challenging, recent bidding activity in Tier 1 and Tier
2 carrier accounts both domestically and abroad leave us very confident
about our positioning as these markets rebound.”
Non-GAAP earnings per share exclude the effect of acquisition related
expenses, amortizations and adjustments, and stock compensation expense.
The Company confirmed that its third quarter conference call will be
held Wednesday, October 10, 2012 at 9:30 a.m. Central Time. This
conference call will be web cast live through StreetEvents.com. To
listen, simply visit the Investor Relations site at www.adtran.com
or www.streetevents.com
approximately 10 minutes prior to the start of the call and click on the
conference call link provided.
An online replay of the conference call will be available for seven days
at www.streetevents.com.
In addition, 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 at www.adtran.com
for at least 12 months following the call.
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 info@adtran.com. On
the Web, visit www.adtran.com.
This press release contains forward-looking statements which reflect
management’s best judgment based on factors currently known. However,
these statements involve risks and uncertainties, including the
successful development and market acceptance of new products, the degree
of competition in the market for such products, the product and channel
mix, component costs, manufacturing efficiencies, and other risks
detailed in our annual report on Form 10-K for the year ended December
31, 2011 and our quarterly report on Form 10-Q for the quarter ended
June 30, 2012. These risks and uncertainties could cause actual results
to differ materially from those in the forward-looking statements
included in this press release.
