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ADTRAN noted that stock-based compensation expense for the third quarter reduced diluted earnings per share by USD0.02 compared to USD0.03 for the same quarter in 2008.
Sales for the third quarter of 2009 were USD128.1m, compared to USD137.2m for the third quarter a year ago.
The company's board of directors has declared a cash dividend of USD0.09 per common share for the third quarter. All holders of record at the close of business on 29 October 2009 will receive the dividend on 12 November 2009. The ex-dividend date is 27 October 2009.
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