Adtran: Q2 Earnings Snapshot

August 4, 2022 GMT

HUNTSVILLE, Ala. (AP) _ Adtran Inc. (ADTN) on Wednesday reported second-quarter profit of $2.1 million.

On a per-share basis, the Huntsville, Alabama-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The networking equipment maker posted revenue of $172 million in the period.

Adtran shares have increased 8% since the beginning of the year. The stock has climbed 12% in the last 12 months.


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