• ADTRAN Holdings, Inc (NASDAQ: ADTN) shared specific preliminary financial results for the third quarter that ended September 30, 2022.

• ADTRAN expects revenues of $340.71 million, above the consensus of $330.4 million.

• ADTRAN sees a non-GAAP gross margin of 38.1% and a non-GAAP operating income of $20.9 million.

• ADTRAN reported second-quarter revenue growth of 20.1% year-on-year to $172.04 million, beating the consensus of $170.9 million.

• EPS of $0.19 beat the consensus of $0.11.

• ADTRAN Chairman and Chief Executive Officer Tom Stanton stated, "We had a strong Q2 fueled by the growing demand for our fiber broadband platforms. Customer demand continues to grow at record levels. We increased revenue both quarter-over-quarter and year-over-year in our domestic and international markets, and also throughout our customer segments. This provides continued momentum as we move forward with our integration of ADVA."

• Price Action: ADTN shares traded higher by 13.3% at $21.88 on the last check Tuesday.

See more from Benzinga

• BAE To Leverage Amprius' Lightweight EV Batteries For Flight Applications

• CrowdStrike, Ernst & Young Customers Set To Gain From Expanded Cloud Security Partnership

• Desantis Calls Trump 'A Moron Who Has No Business Running For President,' Former Staffers Say: Report

Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.