ADTRAN, Inc. (NASDAQ: ADTN) reported results for the fourth quarter and full year of 2011. For the quarter, sales increased to $175,286,000 compared to $165,329,000 for the fourth quarter of 2010. Net income was $31,163,000 for the quarter compared to $35,960,000 for the fourth quarter of 2010. Earnings per share, assuming dilution, were $0.48 for the quarter compared to $0.56 for the fourth quarter of 2010. For the year, sales increased to a record $717,229,000 compared to $605,674,000 for the year 2010. Net income increased to $138,577,000 for the year compared to $113,989,000 for the year 2010. Earnings ...
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