Excluding special items, the Minneapolis networking-gear maker posted pro forma earnings of 9 cents a share on $280 million in sales for the quarter ended Jan. 27. Those numbers compare with an adjusted profit of 9 cents on sales of $240 million in the year-ago period and 18 cents a share on $301 million in revenue in the prior quarter.
Analysts were looking for a fiscal first-quarter profit of 10 cents on sales of $282 million, according to Reuters Research.
On a GAAP basis, ADC had a net loss of $2.4 million, or 2 cents a share, from continuing operations. Those results included an $11 million charge for restructuring.
Looking ahead, the company expects sales of about $1.35 billion for the fiscal year ending in October. For the full year, analysts had expected $1.31 billion in revenue.
ADC shares rose 96 cents to $26.19 in after-hours trading Wednesday.