ADTRAN, Inc. Reports Record Results for Fourth Quarter 2010 and Declares Quarterly Cash Dividend.

Business Wire › January 19, 2011

Linked as:

Extract

ADTRAN, Inc. Reports Record Results for Fourth Quarter 2010 and Declares Quarterly Cash Dividend.

HUNTSVILLE, Ala. -- ADTRAN, Inc. (NASDAQ:ADTN) reported results for the fourth quarter of 2010. Sales increased 33% to an all time record level of $165,329,000 for the quarter, compared to $124,231,000 for the fourth quarter of 2009. Operating income increased 71% to $44,857,000 for the quarter compared to $26,236,000 for the fourth quarter of 2009. Net income increased 93% to $35,960,000 for the quarter, compared to $18,615,000 for the fourth quarter of 2009. Earnings per share, assuming dilution...

See the full content of this document