Infinera Corp. Q4 Income Climbs 78%

(RTTNews) - Infinera Corp. (INFN) announced earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $31.96 million, or $0.21 per share. This was up from $17.96 million, or $0.13 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 39.6% to $260.03 million. This was up from $186.31 million last year.

Infinera Corp. earnings at a glance:

-Earnings (Q4): $31.96 Mln. vs. $17.96 Mln. last year. -Earnings Growth (Y-o-Y): 78.0% -EPS (Q4): $0.21 vs. $0.13 last year. -EPS Growth (Y-o-Y): 61.5% -Analysts Estimate: $0.20 -Revenue (Q4): $260.03 Mln vs. $186.31 Mln last year. -Revenue Change (Y-o-Y): 39.6%