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Infinera: 2Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ Infinera Corp. (INFN) on Tuesday reported a loss of $21.9 million in its second quarter.

On a per-share basis, the Sunnyvale, California-based company said it had a loss of 14 cents. Losses, adjusted for one-time gains and costs, were 1 cent per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The communications equipment maker posted revenue of $208.2 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $209 million.

For the current quarter ending in October, Infinera expects its results to range from a loss of 7 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $200 million to $220 million for the fiscal third quarter.

Infinera shares have risen 37 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.69, a drop of 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFN at https://www.zacks.com/ap/INFN