2/9/2010-Shares of ADC Telecommunications (NASDAQ:ADCT) are trading 11.5% higher to $6.00 premarket Tuesday after the maker of equipment for telephone companies reported fiscal Q1 EPS of $0.10, ex-items, or double consensus estimates of $0.05, after market close on Monday.

Robert E. Switz, chairman, president, and CEO of ADC, commented, "ADC's strong first quarter results demonstrate the positive impact of our ongoing efforts to streamline operations. We delivered very good gross margins, managed operating expenses effectively in the face of what remains a challenging CAPEX-spending environment, and bolstered our already strong liquidity position. Based on these results, we're pleased with the continued improvements in our financial performance and expect to demonstrate further progress as we move through fiscal 2010."

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