Infinera (INFN) Tops Q4 EPS by 11c, Offers Guidance

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Go back to Infinera (INFN) Tops Q4 EPS by 11c, Offers Guidance

Infinera Corporation Reports Fourth Quarter and Fiscal Year 2020 Financial Results

February 23, 2021 4:03 PM EST

SAN JOSE, Calif., Feb. 23, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 26, 2020.

GAAP revenue for the quarter was $353.5 million compared to $340.2 million in the third quarter of 2020 and $384.6 million in the fourth quarter of 2019.

GAAP gross margin for the quarter was 35.7% compared to 31.8% in the third quarter of 2020 and 29.0% in the fourth quarter of 2019. GAAP operating margin for the quarter was (1.9)% compared to (7.9)% in the third quarter of 2020 and (15.8)% in the fourth quarter of 2019.

GAAP net loss for the quarter was... More