Infinera (INFN) Tops Q2 EPS by 3c, Slight Miss on Revenues; Offers 3Q EPS/Revenue Outlook
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Infinera Corporation Reports Second Quarter 2018 Financial Results
August 7, 2018 4:06 PM EDTSUNNYVALE, Calif., Aug. 07, 2018 (GLOBE NEWSWIRE) -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its second quarter ended June 30, 2018.
GAAP revenue for the quarter was $208.2 million compared to $202.7 million in the first quarter of 2018 and $176.8 million in the second quarter of 2017.
GAAP gross margin for the quarter was 40.5% compared to 40.5% in the first quarter of 2018 and 36.7% in the second quarter of 2017. GAAP operating margin for the quarter was (10.4)% compared to (12.2)% in the first quarter of 2018 and (22.9)% in the second quarter of 2017.
GAAP net loss for the quarter was $(21.9) million, or $(0.14) per... More
