WASHINGTON (dpa-AFX) - Infinera Corp. (INFN) Wednesday released preliminary
financial results for its third quarter, with both revenues adjusted earnings
expected to beat Street view.

Preliminary revenue for the third quarter is expected to be $378 million to $392
million, ahead of the midpoint of the company's prior outlook of $361 million to
$391 million.

The company expects to report a loss per share of $0.07 to $0.02, ahead of the
company's prior outlook of a loss per share of $0.17 to $0.09.

For the the third quarter, the company now expects adjusted earnings of $0.03 to
$0.08 per share, previously the company expected between a loss of $0.06 and an
earnings of $0.02 per share.

Analysts polled by Thomson Reuters currenlty expect a loss of $0.01 per share
and revenues of $376.55 million for the third quarter.

Infinera CEO David Heard said, 'The third quarter was another solid quarter for
us, with all key preliminary financial metrics - revenue, gross margin,
operating margin, and EPS, expected to be ahead of the midpoint of our outlook
range. Bookings were strong in the quarter with a book-to-bill ratio above 1,
based on our preliminary revenue range.'

For the fourth quarter, the company expects revenues of $421 million to $451
million, earnings to between a loss of $0.04 per share and an earnings of $0.04
per share, and adjusted income of $0.05 to $0.13 per share.

Analysts currenlty expect earnings of $0.11 per share and revenues of $436.09
million for the fourth quarter.



Copyright(c) 2023 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX