Infinera (INFN) Reports In-Line Q1 EPS
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Infinera Corporation Reports First Quarter 2017 Financial Results
May 4, 2017 4:15 PM EDTSUNNYVALE, Calif., May 04, 2017 (GLOBE NEWSWIRE) -- Infinera Corporation (Nasdaq: INFN), provider of Intelligent Transport Networks, today released financial results for its first quarter ended April 1, 2017.
GAAP revenue for the quarter was $175.5 million compared to $181.0 million in the fourth quarter of 2016 and $244.8 million in the first quarter of 2016.
GAAP gross margin for the quarter was 36.5% compared to 38.1% in the fourth quarter of 2016 and 47.5% in the first quarter of 2016. GAAP operating margin for the quarter was (21.6)% compared to (25.3)% in the fourth quarter of 2016 and 6.1% in the first quarter of 2016.
GAAP net loss for the... More
