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ADC Telecommunications Rises 8.4% on Profits

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ADC Telecommunications (ADCT) - Get ADC Therapeutics Ltd Report was up 8.4% in preopen Island trading after it reported fourth-quarter earnings of 18 cents a share excluding charges, edging the Street's estimate of 17 cents a share and beating the year-ago EPS of 6 cents.

The company, which provides equipment, software and services for high-speed data networks, reiterated its long-term outlook, but said it expects first-quarter earnings of 12 cents a share vs. analysts' estimates of 13 cents.

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