Why Infinera Investors Should Ignore the Short-Term Noise
Infinera (NASDAQ: INFN) stock recently dipped after the provider of optical solutions posted mixed fourth-quarter numbers. Its adjusted revenue fell 8% year-over-year to $354.4 million, which was within its own guidance range but missed analysts' estimates by $2.4 million.
However, Infinera's adjusted gross and operating margins expanded, and its adjusted net income more than quadrupled to $26.3 million, or $0.13 per share, which beat expectations by $0.11.
For the current quarter, Infinera expects its adjusted revenue to stay roughly flat year-over-year. It didn't provide any bottom-line guidance, but it expects its adjusted gross and operating margins to continue expanding year-over-year.
Source Fool.com
