Infinera Corporation Reports Preliminary First Quarter 2024 Financial Results
SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024.
- SAN JOSE, Calif., May 14, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released preliminary financial results for its first quarter ended March 30, 2024.
- GAAP gross margin for the quarter was 36.0% compared to 38.6% in the fourth quarter of 2023 and 37.5% in the first quarter of 2023.
- GAAP operating margin for the quarter was (14.0)% compared to 2.5% in the fourth quarter of 2023 and (2.4)% in the first quarter of 2023.
- Infinera will host a conference call for analysts and investors to discuss its preliminary results for the first quarter of 2024 and its outlook for the second quarter of 2024 today at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time).