SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Infinera Corp. (INFN) on Friday reported a loss of $48.3 million in its second quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, came to 6 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The communications equipment maker posted revenue of $342.7 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $330.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INFN at https://www.zacks.com/ap/INFN
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