Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/30/2026
- S&P 500 dips, Nasdaq higher after data shows moderate inflation rise
- Equity positioning stays overweight, but summer extremes have eased: Barclays
- Oil prices rise by about $1/bbl on stalled US-Iran talks and tight fuel markets
- Micron reports Q4 today: Why Lynx Equity sees massive upside
- Moderna: Citi says oncology optimism is priced in, cuts rating to sell
- Salesforce agrees to acquire AI research platform Listen Labs
- Workday cuts 2.5% of workforce, revises GAAP margin outlook
- Zimbabwe helicopter crash kills six, government spokesperson says
- Apple's iOS 27 is blocking Trade Desk ads on Safari, analyst says
- S&P 500 dips, Nasdaq higher after data shows moderate inflation rise
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
