ADTRAN Inc. Q4 Profit Declines 38%

(RTTNews) - ADTRAN Inc. (ADTN) announced earnings for fourth quarter that fell from last year.

The company said its bottom line totaled $5.72 million, or $0.12 per share. This was lower than $9.29 million, or $0.17 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.5% to $139.01 million. This was down from $143.98 million last year.

ADTRAN Inc. earnings at a glance:

-Earnings (Q4): $5.72 Mln. vs. $9.29 Mln. last year. -Earnings Decline (Y-o-Y): -38.4% -EPS (Q4): $0.12 vs. $0.17 last year. -EPS Decline (Y-o-Y): -29.4% -Analysts Estimate: $0.03 -Revenue (Q4): $139.01 Mln vs. $143.98 Mln last year. -Revenue Change (Y-o-Y): -3.5%