ADTRAN, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported total sales of $140,088,000 against $126,836,000 a year ago. Operating loss was $3,783,000 against $4,153,000 a year ago. Net loss was $8,447,000 against $11,110,000 a year ago. Basic and diluted loss per share was $0.18 against $0.23 a year ago.

For the full year, the company reported total sales of $529,277,000 against $666,900,000 a year ago. Operating loss was $45,422,000 against operating income of $37,386,000 a year ago. Net loss was $19,342,000 against net income of $23,840,000 a year ago. Basic loss per share was $0.40 against basic earnings per share of $0.50 a year ago. Diluted loss per share was $0.40 against diluted earnings per share of $0.49 a year ago.

For the first quarter, the company expects current expectations are that first quarter 2019 revenues will be in the range of $100 million to $142 million.