Infinera Q2 Adj $(0.06) Beats $(0.08) Estimate, Sales $342.74M Beat $331.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Infinera (NASDAQ:INFN) reported Q2 losses of $(0.06) per share, beating the analyst estimate of $(0.08). The company also reported sales of $342.74 million, surpassing the $331.70 million estimate. However, sales decreased by 8.90% compared to the same period last year.
August 02, 2024 | 8:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Infinera reported better-than-expected Q2 losses and sales, but sales decreased by 8.90% YoY.
Infinera's better-than-expected earnings and revenue figures are likely to have a positive short-term impact on the stock price. However, the YoY sales decline may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100