Infinera (Nasdaq: INFN) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Infinera met expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue improved and GAAP loss per share grew.

Margins dropped across the board.

Revenue details
Infinera booked revenue of $104.7 million. The eight analysts polled by S&P Capital IQ predicted sales of $105.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $92.9 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at -$0.10. The 10 earnings estimates compiled by S&P Capital IQ forecast -$0.12 per share on the same basis. GAAP EPS were -$0.19 for Q1 versus -$0.16 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 38.6%, 740 basis points worse than the prior-year quarter. Operating margin was -19.0%, 180 basis points worse than the prior-year quarter. Net margin was -19.7%, 210 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $106.8 million. On the bottom line, the average EPS estimate is -$0.11.

Next year's average estimate for revenue is $463.3 million. The average EPS estimate is -$0.33.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,794 members out of 1,829 rating the stock outperform, and 35 members rating it underperform. Among 530 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 524 give Infinera a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Infinera is hold, with an average price target of $8.59.

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