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ADTRAN Inc. (ADTN) Rebounded After Q1 Report

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4/12/2012 7:40 AM ET

ADTRAN Inc. (ADTN: Quote) reported first quarter adjusted EPS of $0.25 after the bell Tuesday, down from $0.55 in the previous year. The consensus estimate was for EPS of $0.20.

ADTRAN rose steadily until mid-morning Wednesday, before settling into a range. The stock ended the session higher by 2.26 at $30.73 on above average volume. ADTRAN rebounded off of support, following over a one-week decline.

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by RTT Staff Writer

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