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ADTRAN Inc. (ADTN) Has Fallen To A 2-Month Low

ADTRAN Inc. (ADTN) gapped open slightly lower Friday and has continued to decline in early trade. The stock is now down 1.92 at $30.38.

ADTRAN Inc. has fallen below a week and a half long range and has set a 2-month low.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season. Struggling teen-apparel retailer Aeropostale Inc. (ARO), Thursday said its first-quarter loss narrowed from a year ago, driven largely by stronger margins even as revenues continued to plunge dropped. Nevertheless, the company lost almost one-fifth of its market value in after-hours trade, with the...
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