INFN earnings

Nokia CorporationInside Information 27 June 2024 at 23:50 EEST Inside Information: Nokia to acquire Infinera to increase scale in Optical Networks and accelerate product roadmap Creates a highly scaled and truly global optical business with increased in-house technology capabilities and vertical integration.Strengthens Nokia's optical position, specifically in North America.Accelerates Nokia's customer diversification strategy, expanding webscale presence.Targeted net comparable operating profit synergies of EUR 200 million by 2027*.Expected to be accretive to Nokia's comparable operating profit and EPS in year 1 and to deliver over 10% comparable EPS accretion in 2027*.Offer split a

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. Although presented with numerical specificity, all amounts in this press release are preliminary and based on management's current expectations as of the date of this press release. These results are subject to all aspects of the final quarterly review process and may change as a result of new information that arises, or new determinations that are made, in this process. GAAP revenue for the quarter was $306.9 million compared to $453.5 million in the fourth quarter of 2023 and $392.1 million in the first quarter of

SAN JOSE, Calif., May 13, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its preliminary financial results for the first quarter of fiscal 2024 ended March 30, 2024, after the market closes on May 14, 2024. An investment community conference call to discuss these results and Infinera's outlook for the second quarter of fiscal 2024 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Preliminary First Quarter Financial Results Conference Call and Webcast Date: Tuesday, May 14, 2024Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https:/

WALTHAM, Mass., May 08, 2024 (GLOBE NEWSWIRE) -- Markforged Holding Corporation (NYSE:MKFG) (the "Company"), the company strengthening manufacturing resiliency by enabling industrial production at the point of need, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Results Compared To First Quarter 2023 Revenue was $20.5 million compared to $24.1 million.Gross margin was 49.3% compared to 48.1%.Non-GAAP gross margin was 51.3% compared to 49.3%.Operating expenses were $47.2 million, inclusive of a $17.3 million accrual related to the Continuous Composite judgment, compared to $33.1 million.Non-GAAP operating expenses were $24.1

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it expects to file its fiscal year 2023 Annual Report on Form 10-K on or before May 13, 2024. The company, along with its auditors, is continuing to make progress with the normal year-end close process. The company also announced that it expects to release its financial results for the first quarter of fiscal 2024 and outlook for the second quarter of fiscal 2024, after the market closes on May 14, 2024. Additional details on the investment community conference call to discuss these results will be made available at investors.infinera.com within the next week. Contacts: Media: Anna

SAN JOSE, Calif., March 06, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) ("Infinera" or the "Company") today released preliminary financial results for its fourth quarter ended December 30, 2023. For the fourth quarter, Preliminary revenue is expected to be $435 million to $452 million, compared to the Company's prior outlook of $421 million to $451 million.The resulting preliminary GAAP gross margin is expected to be 38.0% to 40.0%, compared to the Company's prior outlook of 37.3% to 40.4%.The resulting preliminary GAAP operating margin is expected to be 0.0% to 3.0%, compared to the Company's prior outlook of 0.7% to 5.0%.The resulting preliminary GAAP net income (loss)

SAN JOSE, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) ("Infinera" or the "Company") announced today that it intends to file its Quarterly Report on Form 10-Q for the third quarter of 2023 on or before February 29, 2024. The Company will also release its preliminary, unaudited financial results for the fourth quarter of fiscal 2023 and provide the Company's outlook for the first quarter of fiscal 2024 after the market closes on March 6, 2024. An investment community conference call to discuss these items will be held the same day at 5:00 p.m. ET/2:00 p.m. PT. Fourth Quarter Financial Results Conference Call and Webcast  Date: Wednesday, March 6, 2024 Time:

SAN JOSE, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) (or "Company") today released preliminary financial results for its third quarter ended September 30, 2023. For the third quarter, Preliminary revenue is expected to be $378 million to $392 million, ahead of the midpoint of the Company's prior outlook of $361 million to $391 million.The resulting preliminary GAAP gross margin is expected to be 38.4% to 40.7%, ahead of the midpoint of the Company's prior outlook of 36% to 39%.The resulting preliminary GAAP operating margin is expected to be (1.4%) to 2.2%, ahead of the Company's prior outlook of (8%) to (3%).The resulting preliminary GAAP EPS is

SAN JOSE, Calif., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the third quarter of fiscal 2023 ended September 30, 2023, after the market closes on November 8, 2023. An investment community conference call to discuss these results and Infinera's outlook for the fourth quarter of fiscal 2023 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Third Quarter Financial Results Conference Call and Webcast Date: Wednesday, November 8, 2023Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferen

SAN JOSE, Calif., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its second quarter ended July 1, 2023. GAAP revenue for the quarter was $376.2 million compared to $392.1 million in the first quarter of 2023 and $358.0 million in the second quarter of 2022. GAAP gross margin for the quarter was 38.0% compared to 37.5% in the first quarter of 2023 and 30.5% in the second quarter of 2022. GAAP operating margin for the quarter was (3.8)% compared to (2.4)% in the first quarter of 2023 and (11.1)% in the second quarter of 2022. GAAP net loss for the quarter was $(20.3) million, or $(0.09) per diluted share, compared to net loss of $

SAN JOSE, Calif., July 20, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the second quarter of fiscal 2023 ended July 1, 2023, after the market closes on August 9, 2023. An investment community conference call to discuss these results and Infinera's outlook for the third quarter of fiscal 2023 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Second Quarter Financial Results Conference Call and Webcast Date: Wednesday, August 9, 2023Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingportals.com/event

SAN JOSE, Calif., May 03, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its first quarter ended April 1, 2023. GAAP revenue for the quarter was $392.1 million compared to $485.9 million in the fourth quarter of 2022 and $338.9 million in the first quarter of 2022. GAAP gross margin for the quarter was 37.5% compared to 37.1% in the fourth quarter of 2022 and 32.9% in the first quarter of 2022. GAAP operating margin for the quarter was (2.4)% compared to 5.2% in the fourth quarter of 2022 and (10.8)% in the first quarter of 2022. GAAP net loss for the quarter was $(8.4) million, or $(0.04) per diluted share, compared to net income of $33

SAN JOSE, Calif., April 19, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the first quarter of fiscal 2023 ended April 1, 2023, after the market closes on May 3, 2023. An investment community conference call to discuss these results and Infinera's outlook for the second quarter of fiscal 2023 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: First Quarter Financial Results Conference Call and Webcast Date: Wednesday, May 3, 2023Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingportals.com/event/VNRC

SAN JOSE, Calif., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its fourth quarter and fiscal year ended December 31, 2022. GAAP revenue for the quarter was $485.9 million compared to $390.4 million in the third quarter of 2022 and $400.3 million in the fourth quarter of 2021. GAAP gross margin for the quarter was 37.1% compared to 34.4% in the third quarter of 2022 and 35.6% in the fourth quarter of 2021. GAAP operating margin for the quarter was 5.2% compared to (2.4)% in the third quarter of 2022 and (2.5)% in the fourth quarter of 2021. GAAP net income for the quarter was $33.5 million, or $0.14 per diluted share, compared

SAN JOSE, Calif., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the fourth quarter of fiscal 2022 ended December 31, 2022, after the market closes on February 23, 2023. An investment community conference call to discuss these results and Infinera's outlook for the first quarter of fiscal 2023 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Fourth Quarter Financial Results Conference Call and Webcast Date: Thursday, February 23, 2023Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingp

SAN JOSE, Calif., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its third quarter ended September 24, 2022. GAAP revenue for the quarter was $390.4 million compared to $358.0 million in the second quarter of 2022 and $355.8 million in the third quarter of 2021. GAAP gross margin for the quarter was 34.4% compared to 30.5% in the second quarter of 2022 and 33.2% in the third quarter of 2021. GAAP operating margin for the quarter was (2.4)% compared to (11.1)% in the second quarter of 2022 and (8.7)% in the third quarter of 2021. GAAP net loss for the quarter was $(11.9) million, or $(0.05) per share, compared to $(55.7) million

SAN JOSE, Calif., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the third quarter of fiscal 2022 ended September 24, 2022, after the market closes on November 2, 2022. An investment community conference call to discuss these results and Infinera's outlook for the fourth quarter of fiscal 2022 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Third Quarter Financial Results Conference Call and Webcast Date: Wednesday, November 2, 2022Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingportals.

SAN JOSE, Calif., July 28, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its second quarter ended June 25, 2022. GAAP revenue for the quarter was $358.0 million compared to $338.9 million in the first quarter of 2022 and $338.2 million in the second quarter of 2021. GAAP gross margin for the quarter was 30.5% compared to 32.9% in the first quarter of 2022 and 35.6% in the second quarter of 2021. GAAP operating margin for the quarter was (11.1)% compared to (10.8)% in the first quarter of 2022 and (6.9)% in the second quarter of 2021. GAAP net loss for the quarter was $(55.7) million, or $(0.26) per share, compared to $(41.9) million, or

SAN JOSE, Calif., July 18, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the second quarter of fiscal 2022 ended June 25, 2022, after the market closes on July 28, 2022. An investment community conference call to discuss these results and Infinera's outlook for the third quarter of fiscal 2022 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Second Quarter Financial Results Conference Call and Webcast Date: Thursday, July 28, 2022Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingportals.com/event/P

SAN JOSE, Calif., May 03, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its first quarter ended March 26, 2022. GAAP revenue for the quarter was $338.9 million compared to $400.3 million in the fourth quarter of 2021 and $330.9 million in the first quarter of 2021. GAAP gross margin for the quarter was 32.9% compared to 35.6% in the fourth quarter of 2021 and 35.4% in the first quarter of 2021. GAAP operating margin for the quarter was (10.8)% compared to (2.5)% in the fourth quarter of 2021 and (7.0)% in the first quarter of 2021. GAAP net loss for the quarter was $(41.9) million, or $(0.20) per share, compared to $(33.1) million, or $

SAN JOSE, Calif., April 20, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the first quarter of fiscal 2022 ended March 26, 2022, after the market closes on May 3, 2022.  An investment community conference call to discuss these results and Infinera's outlook for the second quarter of fiscal 2022 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows:  Fiscal First Quarter Financial Results Conference Call and WebcastDate: Tuesday, May 3, 2022 Time: 5:00 p.m. ET/2:00 p.m. PT  Conference call participants: register at https://conferencingportals.com/e

SAN JOSE, Calif., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its fourth quarter and fiscal year ended December 25, 2021. GAAP revenue for the quarter was $400.3 million compared to $355.8 million in the third quarter of 2021 and $353.5 million in the fourth quarter of 2020. GAAP gross margin for the quarter was 35.6% compared to 33.2% in the third quarter of 2021 and 35.7% in the fourth quarter of 2020. GAAP operating margin for the quarter was (2.5)% compared to (8.7)% in the third quarter of 2021 and (1.9)% in the fourth quarter of 2020. GAAP net loss for the quarter was $(33.1) million, or $(0.16) per share, compared to $

SAN JOSE, Calif., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the fourth quarter of fiscal 2021 ended December 25, 2021 after the market closes on February 16, 2022. An investment community conference call to discuss these results and Infinera's outlook for the first quarter of fiscal 2022 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Fiscal Fourth Quarter Financial Results Conference Call and Webcast Date: Wednesday, February 16, 2022Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencing

SAN JOSE, Calif., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its third quarter ended September 25, 2021. GAAP revenue for the quarter was $355.8 million compared to $338.2 million in the second quarter of 2021 and $340.2 million in the third quarter of 2020. GAAP gross margin for the quarter was 33.2% compared to 35.6% in the second quarter of 2021 and 31.8% in the third quarter of 2020. GAAP operating margin for the quarter was (8.7)% compared to (6.9)% in the second quarter of 2021 and (7.9)% in the third quarter of 2020. GAAP net loss for the quarter was $(53.8) million, or $(0.26) per share, compared to $(35.

SAN JOSE, Calif., Oct. 19, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the third quarter of fiscal 2021 ended September 25, 2021 after the market closes on November 3, 2021. An investment community conference call to discuss these results and Infinera's outlook for the fourth quarter of fiscal 2021 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Fiscal Third Quarter Financial Results Conference Call and Webcast Date: Wednesday, November 3, 2021Time: 5:00 p.m. ET/2:00 p.m. PT Conference call participants: register at https://conferencingpo

SAN JOSE, Calif., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) today released financial results for its second quarter ended June 26, 2021. GAAP revenue for the quarter was $338.2 million compared to $330.9 million in the first quarter of 2021 and $331.6 million in the second quarter of 2020. GAAP gross margin for the quarter was 35.6% compared to 35.4% in the first quarter of 2021 and 29.4% in the second quarter of 2020. GAAP operating margin for the quarter was (6.9)% compared to (7.0)% in the first quarter of 2021 and (13.5)% in the second quarter of 2020. GAAP net loss for the quarter was $(35.6) million, or $(0.17) per share, compared to $(48.3) million, or

SAN JOSE, Calif., July 20, 2021 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ:INFN) announced today that it will release its financial results for the second quarter of fiscal 2021 ended June 26, 2021 after the market closes on August 3, 2021. An investment community conference call to discuss these results and Infinera's outlook for the third quarter of fiscal 2021 will be held the same day at 5:00 p.m. ET/2:00 p.m. PT and will be accessible live and on an archived basis as follows: Fiscal Second Quarter Financial Results Conference Call and Webcast Date: Tuesday, August 3, 2021Time: 5:00 p.m. ET/2:00 p.m. PTConference call participants: register at http://www.directeventreg.com/regi

SUNNYVALE, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Infinera (NASDAQ: INFN) announced today that SSE Enterprise Telecoms, one of the UK’s leading connectivity providers, has selected Infinera’s XTM Series for the second phase of its UK-wide network expansion. The expanded network will bring high-capacity services to more businesses across the UK, further facilitating 5G rollouts, and aiding in the deployment of next-generation connectivity technologies such as the Industrial Internet of Things (IIoT). With Infinera’s XTM Series, SSE Enterprise Telecoms leverages an industry-leading optical solution optimized for 5G transport with high-performance synchronization capabilities and low late