Infinera (INFN) Tops Q1 EPS by 6c, Beats on Revenues

Infinera (NASDAQ: INFN) reported Q1 EPS of ($0.05), $0.06 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $202.7 million versus the consensus estimate of $200.74 million.

• GAAP revenue for the quarter was $202.7 million compared to $195.8 million in the fourth quarter of 2017 and $175.5 million in the first quarter of 2017.
• GAAP gross margin for the quarter was 40.5% compared to 24.1% in the fourth quarter of 2017 and 36.5% in the first quarter of 2017. GAAP operating margin for the quarter was (12.2)% compared to (36.0)% in the fourth quarter of 2017 and (21.6)% in the first quarter of 2017.
• GAAP net loss for the quarter was $(26.3) million, or $(0.17) per share, compared to a net loss of $(74.0) million, or $(0.50) per share, in the fourth quarter of 2017, and net loss of $(40.5) million, or $(0.28) per share, in the first quarter of 2017.
• Non-GAAP gross margin for the quarter was 43.7% compared to 37.5% in the fourth quarter of 2017 and 40.3% in the first quarter of 2017. Non-GAAP operating margin for the quarter was (3.4)% compared to (9.3)% in the fourth quarter of 2017 and (11.4)% in the first quarter of 2017.
• Non-GAAP net loss for the quarter was $(7.2) million, or $(0.05) per share, compared to a net loss of $(18.6) million, or $(0.12) per share, in the fourth quarter of 2017, and net loss of $(21.7) million, or $(0.15) per share, in the first quarter of 2017.

For earnings history and earnings-related data on Infinera (INFN) click here.

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