Infinera (NASDAQ:INFN) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Infinera missed estimated earnings by 75.0%, reporting an EPS of $-0.07 versus an estimate of $-0.04.
Revenue was up $6.99 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 2.71% increase in the share price the next day.
Here's a look at Infinera's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | -0.04 | -0.05 | -0.06 |
| EPS Actual | 0.03 | -0.01 | -0.03 | -0.03 |
| Revenue Estimate | 385.98M | 355.27M | 344.87M | 331.49M |
| Revenue Actual | 401.24M | 356.79M | 339.20M | 331.88M |
To track all earnings releases for Infinera visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
