Infinera (INFN) Reports Break-Even Earnings for Q3

Financial Performance - Infinera reported break-even quarterly earnings per share, missing the Zacks Consensus Estimate of $0.06, and compared to earnings of $0.09 per share a year ago, representing an earnings surprise of -100% [1] - The company posted revenues of $354.4 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 11.83%, and down from year-ago revenues of $392.37 million [2] - Over the last four quarters, Infinera has surpassed consensus EPS estimates just once and topped consensus revenue estimates only once [2] Stock Performance - Infinera shares have increased approximately 41.5% since the beginning of the year, outperforming the S&P 500's gain of 19.8% [3] - The current Zacks Rank for Infinera is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.19 on revenues of $482.02 million, and for the current fiscal year, it is $0.03 on revenues of $1.53 billion [7] - The outlook for the industry, particularly the Computer - Networking sector, is favorable, currently ranking in the top 13% of over 250 Zacks industries [8]