Infinera (INFN) Tops Q4 EPS by 2c, Revenues Beat; Offers Q1 EPS/Revenue Outlook Below Consensus
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Infinera Corporation Reports Fourth Quarter and Fiscal Year 2018 Financial Results
February 21, 2019 4:06 PM ESTSUNNYVALE, Calif., Feb. 21, 2019 (GLOBE NEWSWIRE) -- Infinera Corporation, provider of Intelligent Transport Networks, today released financial results for its fourth quarter and fiscal year ended December 29, 2018.
GAAP revenue for the quarter was $332.1 million compared to $200.4 million in the third quarter of 2018 and $195.8 million in the fourth quarter of 2017.
GAAP gross margin for the quarter was 25.5% compared to 35.0% in the third quarter of 2018 and 24.1% in the fourth quarter of 2017. GAAP operating margin for the quarter was (33.3)% compared to (12.6)% in the third quarter of 2018 and (36.0)% in the fourth quarter of 2017.
GAAP net loss for the quarter was $(130.5) million, or... More
