ADTRAN Revises Q1 Outlook; Provides Q2 Revenue View

(RTTNews) - ADTRAN, Inc. (ADTN) announced revised revenue and earnings estimates for the first quarter ending March 31, 2014.

GAAP earnings per share for the quarter are expected to range from $0.16 to $0.17. Non-GAAP earnings per share for the quarter are expected to range from $0.20 to $0.21. Revenue for the quarter is expected to range from $146.0 million to $147.0 million.

Analysts polled by Thomson Reuters expect the company to earn $0.14 per share on revenue of $155.91 million for the quarter. Analysts' estimates typically exclude special items.

The company also anticipates second quarter revenue in range of $172 million to $180 million. Analyst predict the company to report revenue of $175.89 million for the second quarter.