Investing.com - Infinera (NASDAQ:INFN) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Infinera announced earnings per share of $-0.050 on revenue of $390.4M. Analysts polled by Investing.com anticipated EPS of $0.011 on revenue of $380.55M.
Infinera shares are down 37% from the beginning of the year, still down 35.09% from its 52 week high of $9.86 set on December 29, 2021.
Infinera follows other major Information Technology sector earnings this month
Infinera's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar