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

Infinera (NASDAQ: INFN) reported Q4 EPS of $0.13, $0.11 better than the analyst estimate of $0.02. Revenue for the quarter came in at $354.4 million versus the consensus estimate of $356.79 million.

GUIDANCE:

Infinera sees Q1 2021 revenue of $319-339 million, versus the consensus of $332.1 million.

• GAAP revenue is expected to be $329 million +/- $10 million. Non-GAAP revenue is expected to be $330 million +/- $10 million.
• GAAP gross margin is expected to be 32.5% +/- 150 bps. Non-GAAP gross margin is expected to be 35.5% +/- 150 bps.
• GAAP operating expenses are expected to be $144 million +/- $2.0 million. Non-GAAP operating expenses are expected to be $123 million +/- $2.0 million.
• GAAP operating margin is expected to be (11.5)% +/- 200 bps. Non-GAAP operating margin is expected to be (2.0)% +/- 200 bps.

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

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