ADC Telecommunications Inc. (ADCT) reported that its first-quarter of fiscal 2010 net loss available to Common Shareowners of $11.2 million or $0.11 per share. Proforma-net Loss available to Common Shareowners for the first quarter of fiscal 2009 was $49.7 million or $0.47 per share.
GAAP earnings from continuing operations for the latest quarter were $3.6 million, or $0.04 per share. These GAAP earnings include non-GAAP items of $1.7 million. Excluding these items, the non-GAAP net earnings for the quarter were $1.9 million, or $0.02 per share.
Net sales for latest quarter totaled $265.6 million. Proforma net sales were $299.7 million for the first quarter of fiscal 2009.
The company said that due to a change in its fiscal year to September 30, it is comparing first quarter 2010 results announced with the proforma results for the prior year's first quarter ended December 26, 2008.
For its second quarter of fiscal 2010 ending April 2, 2010, ADC expects sales to be within the range of $260 million - $280 million. GAAP results are expected to be within the range of a loss of $0.04 per share to earnings of $0.06 per share, which includes non-cash amortization expense of $0.05 per share and excludes potential non-cash charges or restructuring charges that the company cannot estimate at this time.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.