WASHINGTON (dpa-AFX) - Infinera Corp. (INFN) Wednesday said first-quarter net loss narrowed to $4.4 million or $0.04 per share from $15.3 million or $0.13 per share in the same period last year.
Adjusted net income for the latest first quarter was $4.2 million or $0.03 per share, compared to net loss of $7.3 million or $0.06 per share in the previous year quarter. On average, ten analysts polled by Thomson Reuters expected the company to report a loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $142.82 million from $124.63 million last year, while ten analysts expected revenues of $140.46 million.
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