SUNNYVALE, Calif. (AP) _ Infinera Corp. (INFN) on Wednesday reported a loss of $113.7 million in its second quarter.
The Sunnyvale, California-based company said it had a loss of 64 cents per share. Losses, adjusted for one-time gains and costs, came to 24 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.
The communications equipment maker posted revenue of $296.3 million in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $299.8 million.
For the current quarter ending in October, Infinera expects its results to range from a loss of 19 cents per share to a loss of 15 cents per share.
The company said it expects revenue in the range of $318 million to $338 million for the fiscal third quarter.
In the final minutes of trading on Wednesday, the company's shares hit $3.97. A year ago, they were trading at $8.69.