Infinera Corp. Reveals 77% Decline In Q3 Profit

(RTTNews) - Infinera Corp. (INFN) reported a profit for third quarter that lost ground from last year.

The company said its bottom line totaled $7.42 million, or $0.05 per share. This was lower than $32.22 million, or $0.22 per share, in last year's third quarter.

The company said revenue for the quarter fell 20.2% to $185.45 million. This was down from $232.47 million last year.

Infinera Corp. earnings at a glance:

-Earnings (Q3): $7.42 Mln. vs. $32.22 Mln. last year. -Earnings Decline (Y-o-Y): -77.0% -EPS (Q3): $0.05 vs. $0.22 last year. -EPS Decline (Y-o-Y): -77.3% -Revenue (Q3): $185.45 Mln vs. $232.47 Mln last year. -Revenue Change (Y-o-Y): -20.2%