SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Infinera Corp. (INFN) on Monday reported earnings of $12.9 million in its fourth quarter.
On a per-share basis, the San Jose, California-based company said it had profit of 6 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 12 cents per share.
The communications equipment maker posted revenue of $453.5 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $337.7 million.
For the year, the company reported a loss of $25.2 million, or 11 cents per share. Revenue was reported as $1.61 billion.
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