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ADTRAN beats top-line and bottom-line estimates; initiates Q2 outlook

  • ADTRAN press release (NASDAQ:ADTN): Q1 Non-GAAP EPS of $0.03 beats by $0.06.
  • Revenue of $247.7M (+9.5% Y/Y) beats by $2.55M.
  • Net cash provided by operating activities of $41.6 million.
  • Cash and cash equivalents of $101.3 million, an increase of $23.8 million sequentially.
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