Infinera (INFN) Tops Q4 EPS by 5c, Offers Q1 Guidance

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Infinera Corporation Reports Fourth Quarter and Fiscal Year 2019 Financial Results

February 25, 2020 4:03 PM EST

SUNNYVALE, Calif., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 28, 2019.

GAAP revenue for the quarter was $384.6 million compared to $325.3 million in the third quarter of 2019 and $332.1 million in the fourth quarter of 2018.

GAAP gross margin for the quarter was 29.0% compared to 26.7% in the third quarter of 2019 and 25.4% in the fourth quarter of 2018. GAAP operating margin for the quarter was (15.8)% compared to (21.3)% in the third quarter of 2019 and (34.4)% in the fourth quarter of 2018.

GAAP net loss for the quarter was $(66.6) million,... More