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Infinera Corporation reported earnings results for the second quarter and six months ended July 01, 2023. For the second quarter, the company reported revenue was USD 376.23 million compared to USD 357.99 million a year ago. Net loss was USD 20.26 million compared to USD 55.72 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to USD 0.26 a year ago.For the six months, revenue was USD 768.3 million compared to USD 696.86 million a year ago. Net loss was USD 28.67 million compared to USD 97.57 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.46 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.46 a year ago.
Period Ending: | Apr 01, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 |
---|---|---|---|---|
Total Revenue | 392.08 | 485.94 | 390.45 | 357.98 |
Gross Profit | 150.45 | 185 | 140.66 | 115.44 |
Operating Income | -7.85 | 26.31 | -7.82 | -38.22 |
Net Income | -8.41 | 33.46 | -11.93 | -55.72 |
Period Ending: | Apr 01, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 |
---|---|---|---|---|
Total Assets | 1598.39 | 1669.14 | 1499.69 | 1468.8 |
Total Liabilities | 1412.13 | 1489.49 | 1385.49 | 1352.24 |
Total Equity | 186.26 | 179.65 | 114.2 | 116.56 |
Period Ending: | Apr 01, 2023 | Dec 31, 2022 | Sep 24, 2022 | Jun 25, 2022 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -1.77 | -0.564 | 19.64 | -72.42 |
Cash From Investing Activities | -16.81 | -8.3 | -11.02 | -10.67 |
Cash From Financing Activities | 4.81 | -4.33 | 45.43 | 34.83 |
Net Change in Cash | -19.47 | -20.81 | 54.84 | -48.85 |
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