Shares of DTRAN Inc. (NASDAQ:ADTN) declare on Tuesday that it’s net income for the Q1 of 2013 of $7.89M or $0.13 a share, against $12.96M or $0.20 a share in the similar quarter a year before. Non-GAAP earnings per share for the quarter were $0.17 in against to $0.25 for the Q1 of 2012.
On average, 14 analysts polled by Thomson Reuters predicted the firm to declare earnings of $0.08 a share for the quarter. Analysts’ anticipates typically exclude special items.
Sales enhanced to $143.01M from $134.73M in the year-before quarter, while analysts had predicted $139.82M.
The firm as well reported a cash dividend for the Q1 of 2013 of $0.09 a common share to be paid to holders of record at the close of business on April 25, 2013.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes QUALCOMM, Inc. (NASDAQ:QCOM) rose +0.15%, Alcatel Lucent SA (ADR) (NYSE:ALU) edged up +5.97%, Ericsson (ADR) (NASDAQ:ERIC) which also increased +1.80% and Motorola Solutions Inc (NYSE:MSI) closed up +0.74%.
ADTRAN, Inc. (NASDAQ:ADTN) stock’s trade at beginning with a price of $19.17 and throughout the trading session climbed at a high of $20.14 other than when day-trade ended the stock finally advanced +2.76% to $19.71.
The stock is going forward its 52 week low with 29.48% and lagging behind from its 52 week high price with -36.55%. ADTN last month stock price volatility remained 3.40%.
ADTN stock insider ownership remained 0.41%. In its share capital ADTN has 61.32 million outstanding shares among them 56.86 million shares have been floated in market exchange.
Company’s beta coefficient included 1.16. Beta factors measures the amount of market risk associated with market trade.
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