Infinera Corp. Bottom Line Climbs 20% In Q2

(RTTNews) - Infinera Corp. (INFN) revealed a profit for its second quarter that advanced from last year.

The company said its bottom line advanced to $30.92 million, or $0.21 per share. This was higher than $25.71 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.9% to $259.00 million. This was up from $207.35 million last year.

Infinera Corp. earnings at a glance:

-Earnings (Q2): $30.92 Mln. vs. $25.71 Mln. last year. -Earnings Growth (Y-o-Y): 20.3% -EPS (Q2): $0.21 vs. $0.18 last year. -EPS Growth (Y-o-Y): 16.7% -Analysts Estimate: $0.18 -Revenue (Q2): $259.00 Mln vs. $207.35 Mln last year. -Revenue Change (Y-o-Y): 24.9%