ADTRAN Inc. (ADTN) reported second quarter net income of $0.56 per share after the close Tuesday, up from $0.44 per share last year. The consensus estimate was for EPS of $0.53.
ADTRAN Inc. traded to the downside until around 1:00PM Wednesday and closed lower by 4.02 at $36.11, with volume at a 9-month high. The stock dropped to a 6-month low and fell below its 200-day moving average.
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