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Networking equipment maker $ADTN reported a rise in 3Q16 earnings driven by a 7% increase in revenue as well as stronger broadband access sales in Europe. Net income rose to $12.42MM or $0.26 per share from $7.07MM or $0.14 per share last year. Sales grew to $168.89MM from $158.08MM. Non-GAAP EPS increased to $0.26 from $0.19.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.