Adtran reports preliminary Q4 EPS 0c, consensus (3c)

Reports preliminary Q4 revenue $242.85M, consensus $235.64M. Adtran (ADTN) Holdings’ chairman and CEO Tom Stanton stated, “Market conditions continued to improve during the fourth quarter driven by higher service provider spending, lower customer inventories, a continuing shift away from high-risk vendors, and the secular trend of increased fiber access and optical transport. The progress we made during the fourth quarter, including higher sequential and year-over-year revenue and operating margin, was supported by growth across geographies, most product lines, and the continued expansion of our customer base.”