Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/7/2026

1. MRVL
2. ZS
3. PENG
4. STZ
5. NVDA
6. MSFT
7. SPY
8. SKYD
9. CRBU
10. HALO

Go back to Infinera (INFN) Tops Q3 EPS by 5c, Announces Restructuring Initiative

Infinera Corporation Reports Third Quarter 2017 Financial Results and Announces Restructuring Plan

November 8, 2017 4:06 PM EST

SUNNYVALE, Calif., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN), provider of Intelligent Transport Networks, today released financial results for its third quarter ended September 30, 2017. The company also today announced a plan to restructure its worldwide operations to reduce its expenses and establish a more cost-efficient operating structure.

Third Quarter 2017 Financial Review

GAAP revenue for the quarter was $192.6 million compared to $176.8 million in the second quarter of 2017 and $185.5 million in the third quarter of 2016.

GAAP gross margin for the quarter was 35.2% compared to 36.7% in the second quarter of... More