Infinera (INFN) Tops Q2 EPS by 1c, Revs Miss
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Infinera Corporation Reports Second Quarter 2017 Financial Results
August 3, 2017 4:16 PM EDTSUNNYVALE, Calif., Aug. 03, 2017 (GLOBE NEWSWIRE) -- Infinera Corporation (Nasdaq: INFN), provider of Intelligent Transport Networks, today released financial results for its second quarter ended July 1, 2017.
GAAP revenue for the quarter was $176.8 million compared to $175.5 million in the first quarter of 2017 and $258.8 million in the second quarter of 2016.
GAAP gross margin for the quarter was 36.7% compared to 36.5% in the first quarter of 2017 and 47.8% in the second quarter of 2016. GAAP operating margin for the quarter was (22.9)% compared to (21.6)% in the first quarter of 2017 and 6.2% in the second quarter of 2016.
GAAP net... More
