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Adtran (ADTN) - Get ADTRAN, Inc. Report was up 3.3% in midmorning after it posted third-quarter earnings of 13 cents per share, down from 54 cents a year earlier but ahead of the Thomson Financial/First Call consensus estimate of 11 cents.

The maker of digital transmission products noted that it remained profitable despite the slow economy and the slump in technology spending.

Adtran said its enterprise networks revenue grew 7.5% from the second quarter and operating expenses "have started to respond to our cost control efforts."

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