Infinera (NASDAQ:INFN) reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:03 PM.
Here’s what investors need to know about the announcement.
Earnings
Infinera beat estimated earnings by 200.0%, reporting an EPS of $0.02 versus an estimate of $-0.02.
Revenue was up $53.20 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 5.27% drop in the share price the next day.
Here’s a look at Infinera’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.08 | 0.01 | -0.08 | -0.04 |
| EPS Actual | 0.16 | 0.05 | -0.05 | -0.07 |
| Revenue Estimate | 435.59M | 380.55M | 351.05M | 361.74M |
| Revenue Actual | 485.94M | 390.45M | 357.99M | 338.87M |
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.
