×

Adtran says fourth-quarter sales to fall from third quarter

Oct 3 (Reuters) - Network gear maker Adtran Inc said typical seasonality and a weak spending environment may lead to a decrease in fourth-quarter revenue.

The company said it expects revenue for the period to fall by a "teens" percentage point from the third quarter.

Adtran shares were down 6 percent at $16.10 on the Nasdaq on Wednesday.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Joyjeet Das)

(sayantani.ghosh@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 4135 5800; Reuters Messaging: sayantani.ghosh.reuters.com@reuters.net)

Keywords: ADTRAN OUTLOOK/