Published 11 months ago • loading... • Updated 11 months ago
Adeia: Q3 Earnings Snapshot
On Monday, ADTRAN Holdings, Inc. reported a third-quarter loss of $10.3 million and a per-share loss of 12 cents, expecting revenue of $275 million to $285 million for the current quarter.
Market data show ADTRAN shares have risen 25% since the beginning of the year and climbed 68% over the last 12 months, revealing a gap with the Q3 results.
On Tuesday, Zoetis Inc. reported third-quarter earnings of $721 million and net income of $1.63 per share, while posting revenue of $2.4 billion that missed Street forecasts.
Pinnacle West Capital Corp. reported third-quarter earnings of $413.2 million on Monday and expects full-year earnings guidance of $4.90 to $5.10 per share.
AI-Driven trades lifted markets on Monday as stocks tied to Amazon's $38 billion deal with OpenAI boosted the S&P 500 and Nasdaq, both closing higher on AI enthusiasm.