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Infinera Q4 Non-GAAP Earnings, Revenue Fall; Shares Rise After Hours
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Infinera Q4 Non-GAAP Earnings, Revenue Fall; Shares Rise After Hours
May 13, 2024 2:04 PM

04:41 PM EDT, 05/13/2024 (MT Newswires) -- Infinera ( INFN ) reported Q4 non-GAAP earnings late Monday of $0.12 per diluted share, down from $0.16 a year earlier.

Analysts surveyed by Capital IQ expected $0.10.

Revenue in the quarter ended Dec. 30 fell to $453.5 million from $485.9 million a year earlier.

Analysts surveyed by Capital IQ expected $440 million.

Shares of the company rose 6.6% in after-hours trading.

Price: 5.34, Change: +0.33, Percent Change: +6.59

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