Adtran Guides Lower

It cites weak sales at the end of September.
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Adtran

(ADTN) - Get Report

said third-quarter earnings would trail estimates due to weak late-September sales of network access products.

The Huntsville, Ala., technology shop expects to earn 23 cents or 24 cents a share on revenue of about $115 million in the three months to Sept. 30. Analysts had been expecting earnings of 27 cents a share on revenue of $123 million.

Adtran cited light bookings of integrated access devices and digital subscriber line access multiplexers.

"Customers for remote terminal and outside plant DSLAMs were waiting for availability of our new, higher-density ADSL2-plus products," Adtran said, adding that those products began shipping in volume the last week of the quarter.