HUNTSVILLE, Ala. (AP) 鈥� HUNTSVILLE, Ala. (AP) 鈥� ADTRAN Holdings, Inc. (ADTN) on Monday reported a loss of $10.9 million in its second quarter.
On a per-share basis, the Huntsville, Alabama-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were 4 cents per share.
The networking equipment maker posted revenue of $281.1 million in the period.
For the current quarter ending in September, ADTRAN Holdings said it expects revenue in the range of $275 million to $295 million.
ADTRAN Holdings shares have climbed 2% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.86, a climb of 1% in the last 12 months.
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