Infinera Up 14% Today After Reporting Positive Earnings

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Shares of Infinera
INFN
are up 14% today after the company reported positive earnings. GAAP revenues for the quarter were $112.0 million compared to $104.0 million in the third quarter of 2011 and $117.1 million in the fourth quarter of 2010. GAAP gross margins for the quarter were 40% compared to 39% in the third quarter of 2011 and 49% in the fourth quarter of 2010. GAAP net loss for the quarter was $(19.4) million, or $(0.18) per share, compared to net loss of $(21.8) million, or $(0.21) per share, in the third quarter of 2011 and a net loss of $(2.7) million, or $(0.03) per share, in the fourth quarter of 2010.
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Posted In: EarningsNews
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