Infinera (INFN) Tops Q3 EPS by 3c

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Go back to Infinera (INFN) Tops Q3 EPS by 3c

Infinera Corporation Reports Third Quarter 2021 Financial Results

November 3, 2021 4:03 PM EDT

SAN JOSE, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its third quarter ended September 25, 2021.

GAAP revenue for the quarter was $355.8 million compared to $338.2 million in the second quarter of 2021 and $340.2 million in the third quarter of 2020.

GAAP gross margin for the quarter was 33.2% compared to 35.6% in the second quarter of 2021 and 31.8% in the third quarter of 2020. GAAP operating margin for the quarter was (8.7)% compared to (6.9)% in the second quarter of 2021 and (7.9)% in the third quarter of 2020.

GAAP net loss for the quarter was $(53.8) million, or $(0.26)... More