SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Infinera Corp. (INFN) on Wednesday reported a loss of $8.4 million in its first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The communications equipment maker posted revenue of $392.1 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $381.5 million.
For the current quarter ending in June, Infinera expects its results to range from a loss of 8 cents per share to earnings of 2 cents per share.
The company said it expects revenue in the range of $355 million to $395 million for the fiscal second quarter.
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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
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