Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 685.66

+0.2%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (38157)	10/3/2002 10:17:55 AM
From: Johnny Canuck	Read Replies (1) of 68675

Reuters Company News Adtran sees higher 3rd qtr revenue, lower EPS Thursday October 3, 6:19 am ET HUNTSVILLE, Ala., Oct 3 (Reuters) - Adtran Inc. (NasdaqNM:ADTN - News), which makes digital transmission equipment for the telecommunication industry, on Thursday said third-quarter revenue would be higher-than-expected but earnings would miss Wall Street estimates amid a tough market for the business. ADVERTISEMENT The Huntsville, Alabama-based company said operating revenue for the quarter ending September 30 would be $88 million, above the $85 million forecast by Wall Street analysts surveyed by Thomson First Call. Earnings per share were expected to range between 8 cent to 9 cents, on a generally accepted accounting principles basis, versus 14 cents seen by Wall Street analysts. Earnings, excluding an impairment charge, were expected to range from 24 cents to 26 cents. Adtran also said it ended salary reductions for employees on September 1 after the program helped it weather a challenging market and avoid job cuts. [Harry: Does this suggest that ADTN is seeing an uptick in demand???? The EPS miss indicates pressure on margins despite better than expected revenue numbers.]

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next