ADCT Reports Q2 Profit Rise; Revises Low End of Guidance Upward
Telecom equipment and software manufacturer ADC Telecommunications posted fiscal Q2 earnings well ahead of expectations Wednesday and upped the low end of its full-year profit guidance. The company's shares gained 3.24% to close at $17.85 in AH trading. 
ADC posted Q2 net income of $96.5 million ($0.73/share) against $25.1 million ($0.21) in the year-ago quarter. Net sales came in at $349.4 million versus $358.1 million a year ago. Analysts had forecast revenues of $333 million. EPS excluding items were $0.35, soundly beating analyst expectations of $0.23. Ticker (ADCT)
ADC posted Q2 net income of $96.5 million ($0.73/share) against $25.1 million ($0.21) in the year-ago quarter. Net sales came in at $349.4 million versus $358.1 million a year ago. Analysts had forecast revenues of $333 million. EPS excluding items were $0.35, soundly beating analyst expectations of $0.23. Ticker (ADCT)
posted by Gordengekko at 8:43 AM
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