ADC Telecommunications, Inc.
News and overview for ADC Telecommunications, Inc.
ADC Reports Fourth Quarter 2009 Financial Results [Press Release]
Business Wire | 2 days 6 hours 27 minutes ago
ADC (NASDAQ: ADCT), today announced unaudited results for its two-month fourth quarter ended September 30, 2009. As previously announced, ADC changed its fiscal year end to September 30 from October 31. The company reported fourth quarter revenue of $183.9 million and GAAP loss from continuing operations of $19.2 million, or $0.20 per share. The GAAP loss includes certain after-tax charges of $25.5 million. Excluding these charges, the non-GAAP (adjusted) net earnings for the quarter were $6....
ADC Reports Fourth Quarter 2009 Financial Results Completes transition to new fiscal year with solid performance for two-month quarter
CNBC | 2 days 5 hours 48 minutes ago
MINNEAPOLIS, Nov 19, 2009 (BUSINESS WIRE) -- --Generates positive cash flow from continuing operations of $86.0 million for the 11-month fiscal year --Previously announced restructuring actions continue; positions the company for long-term operating leverage ADC (NASDAQ: ADCT), today announced unaudited results for its two-month fourth quarter ended September 30, 2009. As previously announced, ADC changed its fiscal year end to September 30 from October 31. The company reported fourth quarter...
ADC Telecommunications falls on lower Q1 outlook
Seattle Times, The | 1 day 7 hours 56 minutes ago
Shares of ADC Telecommunications Inc. fell Friday after the company posted a net loss in the fourth quarter and warned that first-quarter earnings will come in lower than expected.
Stocks in focus for Thursday - MarketWatch
MarketWatch | 3 days 4 hours 22 minutes ago
Sears Holdings /quotes/comstock/15*!shld/quotes/nls/shld (SHLD 75.77, -0.55, -0.72%) is expected to report a third-quarter loss of $1.05 a share.
UPDATE 1-ADC Q4 results beat Street; sees weak Q1 revenue
Reuters | 2 days 3 hours 51 minutes ago
Nov 19 (Reuters) - Network equipment maker ADC Telecommunications Inc (ADCT.O) forecast a worse-than-expected first-quarter revenue as it sees carrier spending declining, sending its shares down more than 14 percent.
ADC lost $19.2M in 4Q; guidance disappoints
CNBC | 2 days 1 hour 48 minutes ago
EDEN PRAIRIE, Minn. - ADC Telecommunications Inc. said on Thursday it lost $19.2 million in a shortened fourth quarter marked by accounting charges. Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations.
US HOT STOCKS: Dell, ADC Telecomm, Verigy, JM Smucker, Zumiez
Wall Street Journal, The | 1 day 7 hours 14 minutes ago
U.S. stocks declined Friday, as the Dow Jones Industrial Average slid 29 points to 10303, the S&P 500 lost 5 points to 1090 and the Nasdaq Composite Index fell 14 points to 2143. Among the companies whose shares are actively trading in the session are Dell Inc. (DELL), ADC Telecommunications Inc. (ADCT) and Verigy Ltd. (VRGY).
US HOT STOCKS: Dell, ADC Telecom, Verigy, JM Smucker, Zumiez
Wall Street Journal, The | 1 day 9 hours 6 minutes ago
U.S. stocks declined Friday, as the Dow Jones Industrial Average slid 39 points to 10292, the S&P 500 lost 6.2 points to 1088 and the Nasdaq Composite Index fell 18 points to 2138. Among the companies whose shares are actively trading in the session are Dell Inc. (DELL), ADC Telecommunications Inc. (ADCT) and Verigy Ltd. (VRGY).
Stock spotlight
Star Tribune (Minneapolis-St. Paul, Minn.) | 1 day 1 hour 22 minutes ago
ADC Telecommunications Inc. -$0.73 $5.91 Shares plunged 11 percent after the telephone equipment maker said spending from clients will drop "considerably" in the first quarter.
Movers roundup: Dress Barn shares climb, Hibbett Sports stock jumps on strong 3Q results
Sun (Baltimore), The | 1 day 3 hours 55 minutes ago
Shares of ADC Telecommunications Inc. fell after the company posted a net loss in the fourth quarter and warned that first-quarter earnings will come in lower than expected
Light Reading - Broadband - ADC Reports Q4 - Telecom News Wire
Light Reading | 2 days 5 hours 46 minutes ago
MINNEAPOLIS -- ADC (NASDAQ: ADCT), today announced unaudited results for its two-month fourth quarter ended September 30, 2009. As previously announced, ADC changed its fiscal year end to September 30 from October 31. The company reported fourth quarter revenue of $183.9 million and GAAP loss from continuing operations of $19.2 million, or $0.20 per share. The GAAP loss includes certain after-tax charges of $25.5 million. Excluding these charges, the non-GAAP (adjusted) net earnings for the q...
Consol, Dell, Leap, LogMeIn, Merck, Novavax, Peabody: U.S. Equity Movers
Bloomberg | 1 day 10 hours 28 minutes ago
ADC Telecommunications Inc. (ADCT US) had the steepest decline in Russell 2000 Index, losing 15 percent to $5.64. The maker of equipment for telephone companies forecast first- quarter revenue of $250 million to $275 million, saying spending from clients will drop â??considerably.â?? Analysts surveyed by Bloomberg estimated average revenue of $270.4 million.
Consol, Dell, D.R. Horton, Gannett, Novavax, Peabody: U.S. Equity Movers
Bloomberg | 1 day 5 hours 26 minutes ago
ADC Telecommunications Inc. (ADCT US) had the second- steepest decline in Russell 2000 Index, losing 10 percent to $5.96. The maker of equipment for telephone companies forecast first-quarter revenue of $250 million to $275 million, saying spending from clients will drop â??considerably.â?? Analysts surveyed by Bloomberg estimated average revenue of $270.4 million.
Aruba, Dell, D.R. Horton, Gannett, Novavax, Peabody: U.S. Equity Movers
Bloomberg | 1 day 4 hours 29 minutes ago
ADC Telecommunications Inc. (ADCT US) had the third- steepest decline in Russell 2000 Index, losing 11 percent to $5.91. The maker of equipment for telephone companies forecast first-quarter revenue of $250 million to $275 million, saying spending from clients will drop â??considerably.â?? Analysts surveyed by Bloomberg estimated average revenue of $270.4 million.
Cloud Peak, Kirkland's, Pulte Homes, Wet Seal, Zumiez: U.S. Equity Movers
Bloomberg | 1 day 11 hours 28 minutes ago
ADC Telecommunications Inc. (ADCT US) had the steepest decline in Russell 2000 Index, losing 14 percent to $5.74. The maker of equipment for telephone companies forecast first- quarter revenue of $250 million to $275 million, saying spending from clients will drop â??considerably.â?? Analysts surveyed by Bloomberg estimated average revenue of $270.4 million.
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Company Overview
| Company: | ADC Telecommunications, Inc. |
|---|---|
| Industry: | Copper Wire Switching & Transmission Equipment |
| Website: | http://www.adc.com |
The transmission overhauls ADC Telecommunications performs don't leave grease stains on the driveway. The company provides broadband data access and infrastructure equipment. Its products -- central office service platforms, broadband switches and routers, and wireless gear -- are used to transmit voice and data signals and connect communications providers with their subscribers. ADC also provides network management software and integration services. The company caters to local, long-distance, and wireless telephone and cable TV providers; it also sells to distributors and other equipment makers. Customers include AT&T, Ciena, Graybar Electric, Time Warner Cable, and Verizon Communications.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,456.4 (2008) |
|---|---|
| One-year % Growth in Sales | 10.1 (2008) |
| Net Income in U.S. Dollars (mil.) | -41.9 (2008) |
| One-year % Growth in Net Income | 0.0 (2008) |
| Number of Employees | 10,600 (2008) |
| One-year % Growth in Number of Employees | 17.1 (2008) |
| Fiscal Year-End | September |
