U.S. Markets open in 4 hrs 22 mins

Infinera: 4Q Earnings Snapshot

SUNNYVALE, Calif. (AP) _ Infinera Corp. (INFN) on Thursday reported a loss of $130.5 million in its fourth quarter.

The Sunnyvale, California-based company said it had a loss of 75 cents per share. Losses, adjusted for one-time gains and costs, were 25 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 27 cents per share.

The communications equipment maker posted revenue of $332.1 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $324.9 million.

For the year, the company reported that its loss widened to $211.4 million, or $1.34 per share. Revenue was reported as $943.4 million.

For the current quarter ending in April, Infinera expects its results to range from a loss of 29 cents per share to a loss of 25 cents per share.

The company said it expects revenue in the range of $298 million to $318 million for the fiscal first quarter.

The company's shares closed at $4.85. A year ago, they were trading at $9.93.

_____

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