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Adtran (ADTN) Stock Jumping as Q3 Results Beat Expectations

NEW YORK (TheStreet) -- Shares of Adtran (ADTN) were spiking 7.53% to $20 on heavy trading volume Wednesday afternoon after the company reported results that topped analysts' estimates for the 2016 third quarter.

Late yesterday, the Huntsville, AL-based networking and communication equipment company posted adjusted earnings of 26 cents per share, above analysts' expectations of 21 cents per share.

Revenue rose 7% to $168.9 million year-over-year and was higher than Wall Street's forecasts of $162.5 million.

"I am particularly pleased to see our international business grow 42%...