ADTRAN Shares Tumble As Preliminary Results Miss Guidance and Estimates
ADTRAN Holdings, Inc. (NASDAQ: ADTN ) shares fell more than 16% during Wednesday’s session after the company’s preliminary second-quarter revenue and margins missed the low end of its previously issued guidance. The decline outpaced a modest 0.2% drop in S&P 500 futures. Revenue Falls Short ADTRAN expects preliminary s