ADTRAN Holdings: Q3 Earnings Snapshot

HUNTSVILLE, Ala. (AP) — HUNTSVILLE, Ala. (AP) — ADTRAN Holdings, Inc. (ADTN) on Monday reported a loss of $9.2 million in its third quarter.

The Huntsville, Alabama-based company said it had a loss of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The networking equipment maker posted revenue of $281.2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $285.1 million.

For the current quarter ending in December, ADTRAN Holdings said it expects revenue in the range of $272 million to $292 million.

ADTRAN Holdings shares have decreased 28% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.28, a drop of 40% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADTN at https://www.zacks.com/ap/ADTN