ADC announced increased earnings on June 4, 2008. Earnings were $0.39 per share, compared to $0.30 estimates, for the quarter ending May 2nd.
ADC Telecommunication reported Q3 net earnings of $16.6 million, compared to $4.6 million last year. Revenue increased from $343.6 million last year to $346.1 million this year. However, the profit from acquisitions, restructuring, and other charges was 21 cents per share, whereas the analysts were expecting 23 cents per share.
June 2000 to March 2004
ADC Stock purchased during this time at a cost basis of approx $50 per share.