said its fourth-quarter earnings and revenue will fall short of Wall Street's forecasts because of unanticipated softness in order flow, beyond the normal seasonality, from some of its larger customers.
The company, a supplier of network-access equipment, expects revenue of $108 million to $112 million, below the $126.5 million consensus analyst target. Adjusted earnings will likely be 24 cents to 26 cents a share, compared with the Thomson Financial estimate of 30 cents.
Adtran said it considers "the softness we are encountering to be temporary. Overall, we believe our growth drivers remain in place, and our outlook for 2007 is strong."
Shares of Adtran were losing 4.8% to $21.19 in early trading Friday.