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Infinera Results Top Estimate; Stock Up 10%(dpa-AFX International Compact Via Acquire Media NewsEdge) WASHINGTON (dpa-AFX) - Infinera Corp (INFN) Wednesday reported third-quarter net earnings of $4.8 million or $0.04 per share compared with $3.3 million or $0.03 per share last year. Excluding items, adjusted earnings for the quarter were $0.11 per share compared with $0.10 per share a year ago. Revenues for the quarter were $173.6 million compared with $142 million in the prior year. Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $170.9 million for the quarter. Analysts' estimates typically exclude special items. Infinera provides optical transport networking equipment, software, and services to communications service providers. On Wednesday, the company's stock closed at $10.61, down $0.22 or 2.03%, on a volume of 2.6 million shares on the Nasdaq. In after hours, the stock gained $1.03 or 9.71% at $11.64. Copyright RTT News/dpa-AFX |