Recap: Infinera Q2 Earnings

Infinera INFN reported its Q2 earnings results on Thursday, July 28, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Infinera beat estimated earnings by 37.5%, reporting an EPS of $-0.05 versus an estimate of $-0.08.

Revenue was up $18.78 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03 which was followed by a 14.58% drop in the share price the next day.

Here's a look at Infinera's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.04 0.01 -0.04 -0.05
EPS Actual -0.07 0.03 -0.01 -0.03
Revenue Estimate 361.74M 385.98M 355.27M 344.87M
Revenue Actual 338.87M 401.24M 356.79M 339.20M

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.04 0.01 -0.04 -0.05
EPS Actual -0.07 0.03 -0.01 -0.03
Revenue Estimate 361.74M 385.98M 355.27M 344.87M
Revenue Actual 338.87M 401.24M 356.79M 339.20M

To track all earnings releases for Infinera visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings