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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.