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Huntsville-based ADTRAN reports quarterly loss

Shares are down for the year for the networking equipment maker.
Credit: ADTRAN

HUNTSVILLE, Ala. — ADTRAN Holdings, Inc. (ADTN) on Thursday reported a loss of $31.2 million in its third quarter.

The Huntsville, Alabama-based company said it had a loss of 36 cents per share. Losses, adjusted for amortization costs and restructuring costs, were 5 cents per share.

The networking equipment maker posted revenue of $227.7 million in the period.

ADTRAN Holdings expects full-year revenue in the range of $230 million to $245 million.

ADTRAN Holdings shares have dropped 14% since the beginning of the year. The stock has declined 14% in the last 12 months.

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