Infinera (INFN) Tops Q4 EPS by 7c, Offers Guidance
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Infinera Corporation Reports Fourth Quarter and Fiscal 2022 Financial Results
February 23, 2023 4:07 PM ESTSAN JOSE, Calif., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its fourth quarter and fiscal year ended December 31, 2022.
GAAP revenue for the quarter was $485.9 million compared to $390.4 million in the third quarter of 2022 and $400.3 million in the fourth quarter of 2021.
GAAP gross margin for the quarter was 37.1% compared to 34.4% in the third quarter of 2022 and 35.6% in the fourth quarter of 2021. GAAP operating margin for the quarter was 5.2% compared to (2.4)% in the third quarter of 2022 and (2.5)% in the fourth quarter of 2021.
GAAP net income... More
