ADTRAN earnings up 28% for Q3 2017

ADTRAN, Inc. (NASDAQ:ADTN) has reported results for the third quarter 2017, the company said.

For the quarter, sales were USD 185.1 million compared to USD 168.9 million for the third quarter of 2016. Net income was USD 15.9 million compared to USD 12.4 million for the third quarter of 2016.

Earnings per share, assuming dilution, were USD 0.33 compared to USD 0.26 for the third quarter of 2016. Non-GAAP earnings per share were USD 0.37 compared to USD 0.26 for the third quarter of 2016, an increase of 42%. The reconciliation between GAAP earnings per share, diluted, and non-GAAP earnings per share, diluted, is in the table provided.

The company also announced that its Board of Directors declared a cash dividend for the third quarter of 2017. The quarterly cash dividend is USD 0.09 per common share to be paid to holders of record at the close of business on November 1, 2017. The ex-dividend date is October 31, 2017, and the payment date is November 15, 2017.

ADTRAN, Inc. is a global provider of networking and communications equipment. ADTRAN´s products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations, and millions of individual users worldwide. For more information, visit www.adtran.com.