Dallas, TX 8/12/2009 9:42:00 PM
News / Business

ADC Telecommunications (NASDAQ:ADCT)– Today’s First Hour Top Mover

ADC Telecommunications (NASDAQ:ADCT)– Today’s First Hour Top Mover

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ADC Telecommunications, Inc. revised its third quarter of 2009 guidance and expects revenue results of around $280 million, GAAP diluted earnings per share (EPS) of $0.05 to $0.10, which includes non-cash amortization expense of $0.06 per share and excludes potential non-cash charges or restructuring that we cannot presently estimate and non-GAAP EPS of $0.11 to $0.16 cents. According to Reuters Estimates, analysts on an average are expecting the Company to report GAAP EPS of $0.03 on revenue of $281 million for the same period.

After a strong opening, the stock is currently trading at $8.48 moved up about 23.03% on over 3.85 million shares. In the last 52-week, the stock has been trading within a range of $2.47-$10.94.

About ADC Telecommunications, Inc. (ADC)

ADC Telecommunications, Inc. (ADC) is a provider of broadband communications network infrastructure products and related services. The Company’s products offer solutions enabling the delivery of high-speed Internet, data, video and voice communications over wireline, wireless, cable, enterprise and broadcast networks. These products include fiber-optic, copper and coaxial based frames, cabinets, cables, connectors and cards, wireless capacity and coverage solutions, network access devices and other physical infrastructure components. The Company has three segments: Connectivity, Network Solutions and Professional Services. On January 10, 2008, the Company completed the acquisition of Shenzhen Century Man Communication Equipment Co., Ltd. and certain affiliated entities (Century Man).

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