ADTRAN Inc. (NASDAQ:ADTN) reported first quarter 2012 adjusted earnings of 25 cents per share, in line with the Zacks Consensus Estimate but significantly below the 55 cents earned a year ago.
As feared by the company, expansion plans, acquisition expenses and increased overseas activities affected the earnings results. ADTRAN’s earnings were hurt by expenses related to the acquisition of Bluesocket Inc. and the planned purchase of the Nokia Siemens Network’s fixed-line Broadband Access … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards