Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative
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Infinera Corporation Reports Third Quarter 2017 Financial Results and Announces Restructuring Plan
November 8, 2017 4:06 PM ESTSUNNYVALE, Calif., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN), provider of Intelligent Transport Networks, today released financial results for its third quarter ended September 30, 2017. The company also today announced a plan to restructure its worldwide operations to reduce its expenses and establish a more cost-efficient operating structure.
Third Quarter 2017 Financial Review
GAAP revenue for the quarter was $192.6 million compared to $176.8 million in the second quarter of 2017 and $185.5 million in the third quarter of 2016.
GAAP gross margin for the quarter was 35.2% compared to 36.7% in the second quarter of... More
