ADTRAN Q1 sales of $110,364,000 compared to $119,885,000 for the first quarter of 2008. Net income was $15,184,000 for the quarter, compared to $17,047,000 for the first quarter of 2008. Earnings per share, assuming dilution, were $0.24 for the quarter, compared to $0.26 for the first quarter of 2008.
ADTRAN Chief Executive Officer Tom Stanton stated, “Our results for the quarter reflect improved operating efficiencies as gross margins achieved another record high and total operating expenses decreased. Most notable during the quarter was the acceleration of our Fiber-to-the-Node business in the U.S. Our ongoing advancements in strategic areas and improvements in operating efficiencies leave our company poised for revenue and earnings growth when conditions improve.”http://www.adtran.com
