ADTRAN (ADTN) Q1 Earnings Beat Estimates, Revenues Down Y/Y

ADTRAN Holdings, Inc. (ADTN) reported first-quarter 2024 results, wherein both the bottom line and the top line beat the respective Zacks Consensus Estimate.  The expansion of the Mosaic One platform reportedly boosted its customer base. On a year-over-year basis, revenues contracted due to soft macroeconomic trends.Net IncomeOn a GAAP basis, net loss in the March quarter was $324.6 million or a loss of $4.12 per share compared with net loss of $40 million or a loss of 51 cents per share in the prior-year q ...