27.10.2015 22:09:54
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Infinera Corp. Earnings Rise 465% In Q3
(RTTNews) - Infinera Corp. (INFN) announced a profit for its third quarter that rose from last year.
The company said its bottom line advanced to $80.02 million, or $0.61 per share. This was up from $14.17 million, or $0.11 per share, in last year's third quarter.
Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 33.9% to $232.47 million. This was up from $173.56 million last year.
Infinera Corp. earnings at a glance:
-Earnings (Q3): $80.02 Mln. vs. $14.17 Mln. last year. -Earnings Growth (Y-o-Y): 464.7% -EPS (Q3): $0.61 vs. $0.11 last year. -EPS Growth (Y-o-Y): 454.5% -Analysts Estimate: $0.17 -Revenue (Q3): $232.47 Mln vs. $173.56 Mln last year. -Revenue Change (Y-o-Y): 33.9%
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