ADTRAN Holdings Third Quarter 2024 Earnings: EPS Misses Expectations

ADTRAN Holdings (NASDAQ:ADTN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$227.7m (down 16% from 3Q 2023).
• Net loss: US$31.2m (loss narrowed by 60% from 3Q 2023).
• US$0.40 loss per share (improved from US$1.00 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ADTRAN Holdings EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 31% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ADTRAN Holdings you should know about.

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