Infinera Corp. Q1 Profit Advances 27%

(RTTNews) - Infinera Corp. (INFN) released earnings for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $28.03 million, or $0.19 per share. This was up from $22.09 million, or $0.16 per share, in last year's first quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 31.0% to $244.82 million. This was up from $186.86 million last year.

Infinera Corp. earnings at a glance:

-Earnings (Q1): $28.03 Mln. vs. $22.09 Mln. last year. -Earnings Growth (Y-o-Y): 26.9% -EPS (Q1): $0.19 vs. $0.16 last year. -EPS Growth (Y-o-Y): 18.8% -Analysts Estimate: $0.17 -Revenue (Q1): $244.82 Mln vs. $186.86 Mln last year. -Revenue Change (Y-o-Y): 31.0%