Why Infinera Stock Crashed Today

Shares of Infinera (NASDAQ: INFN) tumbled on Wednesday after the networking solutions provider reported mixed first-quarter results. While revenue came in ahead of expectations, the bottom line was worse than expected. Infinera stock was down about 23% at 11:30 a.m. EDT today.

Infinera reported adjusted revenue of $331.4 million, up 12.1% year over year and $13.1 million higher than the average analyst estimate. While revenue was up from the prior-year period, it was down substantially compared with the fourth quarter of last year.

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Source Fool.com