Mark your calendars for Wednesday 6th November 2024, as ADTRAN Holdings (NASDAQ: ADTN) is set to unveil its third quarter financial results. This highly anticipated announcement will be made after market close, giving investors and market participants a chance to assess the company's financial performance.
According to financial analysts on Wall Street, the establishment is likely to announce an estimated per share $0.04 loss for the quarter. Additionally, the company is anticipated to reveal a total revenue of $226.92 million during this period.
When looking back at the corresponding quarter from the previous year, the company's earnings report showcased a per-share loss of $0.14. This was attributed to the company's total revenue, which amounted to an impressive $272.33 million during that same period.
Wall Street analysts have shared their forecasts for the company's annual performance, predicting a total revenue of $917.93 million. Additionally, they expect the company to post loss of $0.29 per share for the fiscal year.
[stock_market_widget type=”chart” template=”line2″ assets=ADTN range=”1y” interval=”1wk” price_field=”close” heading=”{symbol}” line_width=”2″ gradient_direction=”bottom” gradient_size=”1″ line_color=”#1b6dc1″ area_background_color=”#1b6dc1″ area_background_color2=”#ffffff” axes_color=”#000000″ tooltip_text_color=”#262626″ tooltip_background_color=”#ffffff” range_selector=”false” volume_enabled=”false” axes_enabled=”true” tooltip_enabled=”false” events_enabled=”false” smoothing_enabled=”true” zoom_enabled=”false” save_image_enabled=”false” api=”yahoo-finance”]
In addition, The firm will review the third quarter financial results on 7th November 2024 at 10:30 AM eastern time, in a conference call with public.
The previous trading day saw ADTRAN Holdings (ADTN) shares trading between $6.14 and $6.38, besides a volume of 413.60 thousand shares. The stock closed Friday's regular trading session at $6.18, demonstrating 1.64 percent advance.
