Infinera (INFN) Tops Q1 EPS by 3c

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Infinera Corporation Reports First Quarter 2021 Financial Results

May 4, 2021 4:03 PM EDT

SAN JOSE, Calif., May 04, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its first quarter ended March 27, 2021.

GAAP revenue for the quarter was $330.9 million compared to $353.5 million in the fourth quarter of 2020 and $330.3 million in the first quarter of 2020.

GAAP gross margin for the quarter was 35.4% compared to 35.7% in the fourth quarter of 2020 and 23.3% in the first quarter of 2020. GAAP operating margin for the quarter was (7.0)% compared to (1.9)% in the fourth quarter of 2020 and (23.3)% in the first quarter of 2020.

GAAP net loss for the quarter was $(48.3)... More