[advertise]广告[/advertise]HUNTSVILLE, Ala., Oct 13, 2009 (BUSINESS WIRE) -- ADTRAN, Inc. (NASDAQ:ADTN) reported results for the third quarter of 2009. Sales were $128,062,000 for the quarter, compared to $137,195,000 for the third quarter of 2008. Net income was $21,583,000 for the quarter, compared to $22,411,000 for the third quarter of 2008. Earnings per share, assuming dilution, were $0.34 for the quarter, compared to $0.35 for the third quarter of 2008.
ADTRAN Chief Executive Officer Tom Stanton stated, "In the third quarter, our growth categories continued to perform well, achieving 20% year over year growth and posting another record revenue level. Broadband Access revenues grew 29% as we saw increasing acceptance of our Carrier Ethernet and Broadband services platforms. Optical Access revenues showed impressive strength growing 20% as carriers increased investment in wireless bandwidth upgrades. Internetworking revenues continued to expand as our success in this area continued to reflect the broad-based support we are seeing in our carrier distribution and value added reseller channels. Two of these areas set record revenue levels and our growth areas in total achieved a new high."
The Company also reported that stock-based compensation expense for the third quarter of 2009 reduced diluted earnings per share by $0.02 compared to $0.03 for the third quarter of 2008.
The Company also announced that its Board of Directors declared a cash dividend for the third quarter of 2009. The quarterly cash dividend is $0.09 per common share to be paid to holders of record at the close of business on October 29, 2009. The ex-dividend date is October 27, 2009 and the payment date is November 12, 2009.
The Company also confirmed that its third quarter conference call will be held Wednesday, October 14, 2009 at 9:30 a.m. Central Time. This conference call will be web cast live through StreetEvents.com. To listen, simply visit the Investor Relations site at http://www.adtran.com or http://streetevents.com approximately 10 minutes prior to the start of the call and click on the conference call link provided.
An online replay of the conference call will be available for seven days at http://streetevents.com. In addition, an online replay of the conference call, as well as the text of the Company's earnings release, will be available on the Investor Relations site at http://www.adtran.com for at least 12 months following the call.
ADTRAN, Inc. is a leading global provider of networking and communications equipment, with a portfolio of more than 1,700 solutions for use in the last mile of today's telecommunications networks. Widely deployed by carriers and enterprises alike, ADTRAN solutions enable voice, data, video, and Internet communications across copper, fiber, and wireless network infrastructures. ADTRAN solutions are currently in use by every major U.S. service provider and many global ones, as well as by thousands of public, private and governmental organizations worldwide.
For more information, contact the company at 800 9ADTRAN (800 923-8726) or via email at info@adtran.com. On the Web, visit www.adtran.com.
Source:ADTRAN