Infinera Sees Q3 2023 Revenue $378M-$392M Vs $376.5M Estimate, Sees Adj. EPS $0.03-$0.08 Vs $(0.01) Estimate
Portfolio Pulse from Benzinga Newsdesk
Infinera has projected its Q3 2023 revenue to be between $378M and $392M, which is higher than the estimated $376.5M. The company also expects its adjusted EPS to be between $0.03 and $0.08, compared to the estimated $(0.01).
November 08, 2023 | 9:56 pm
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POSITIVE IMPACT
Infinera's higher than expected Q3 2023 revenue and EPS forecasts could potentially boost its stock price in the short term.
Infinera's projected revenue and EPS for Q3 2023 are both higher than the estimates. This positive financial outlook could increase investor confidence in the company, potentially leading to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100