ADTRAN, Inc. (ADTN) Declares $0.09 Quarterly Dividend; 1.8% Yield

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Go back to ADTRAN, Inc. (ADTN) Declares $0.09 Quarterly Dividend; 1.8% Yield

ADTRAN, Inc. Reports Results for the Second Quarter 2016 and Declares Quarterly Cash Dividend

July 12, 2016 10:40 PM EDT

HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the second quarter 2016. For the quarter, sales were $162,701,000 compared to $160,138,000 for the second quarter of 2015. Net income was $10,228,000 compared to $2,544,000 for the second quarter of 2015. Earnings per share, assuming dilution, were $0.21 compared to $0.05 for the second quarter of 2015. Non-GAAP earnings per share were $0.25 compared to $0.10 for the second quarter of 2015. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

ADTRAN Chief Executive Officer Tom Stanton stated, ADTRAN delivered solid... More

ADTRAN, Inc. Reports Results for the Second Quarter 2016 and Declares Quarterly Cash Dividend

July 12, 2016 10:40 PM EDT

HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN, Inc. (NASDAQ: ADTN) reported results for the second quarter 2016. For the quarter, sales were $162,701,000 compared to $160,138,000 for the second quarter of 2015. Net income was $10,228,000 compared to $2,544,000 for the second quarter of 2015. Earnings per share, assuming dilution, were $0.21 compared to $0.05 for the second quarter of 2015. Non-GAAP earnings per share were $0.25 compared to $0.10 for the second quarter of 2015. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

ADTRAN Chief Executive Officer Tom Stanton stated, ADTRAN delivered solid... More