Infinera (INFN) Misses Q1 EPS by 9c
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Infinera Corporation Reports First Quarter 2020 Financial Results
May 12, 2020 4:03 PM EDTSUNNYVALE, Calif., May 12, 2020 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended March 28, 2020.
GAAP revenue for the quarter was $330.3 million compared to $384.6 million in the fourth quarter of 2019 and $292.7 million in the first quarter of 2019.
GAAP gross margin for the quarter was 23.3% compared to 29.0% in the fourth quarter of 2019 and 22.7% in the first quarter of 2019. GAAP operating margin for the quarter was (23.3)% compared to (15.8)% in the fourth quarter of 2019 and (38.2)% in the first quarter of 2019.
GAAP net... More
