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Why Infinera Stock Dropped Today

TheMotleyFool

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Shares of Infinera Corporation (NASDAQ: INFN) fell 11.2% on Wednesday after the telecommunications equipment specialist announced strong fourth-quarter 2019 results, but followed with disappointing forward guidance.

Infinera's adjusted quarterly revenue grew 14.8% year over year to $386.5 million, translating to non-GAAP (adjusted) net income of $6.4 million, or $0.03 per share. Though we don't normally pay close attention to Wall Street's demands, most analysts were modeling a loss of $0.02 per share on revenue closer to $365.7 million.

Image source: Getty Images.

Source Fool.com

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