SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Infinera Corp. (INFN) on Thursday reported a loss of $26.3 million in its fourth quarter.
The San Jose, California-based company said it had a loss of 11 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, were 3 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The communications equipment maker posted revenue of $414.4 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $413 million.
For the year, the company reported a loss of $150.3 million, or 64 cents per share. Revenue was reported as $1.42 billion.
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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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