WASHINGTON (dpa-AFX) - Digital optical communication systems provider Infinera Corp. (INFN) reported a first-quarter net loss of $20.6 million or $0.19 per share, wider than the net loss of $16.4 million or $0.16 per share last year.
Excluding items, non-GAAP loss was $11.2 million or $0.10 per share, compared to $4.0 million or $0.04 per share a year ago.
On average, 11 analysts polled by Thomson Reuters expected to lose $0.12 per share for the quarter. Analysts' estimates typically exclude special items.
Non-GAAP gross margin declined to 40 percent from 48 percent in the prior-year quarter.
Total revenue for the quarter rose to $104.7 million from $92.9 million a year ago.
Analysts expected revenues of $105.81 million for the quarter.
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