Infinera reports Q2 2024 loss, beats Wall St expectations, and announces pending merger with Nokia.
Infinera Corp. reported a Q2 2024 loss of $48.3M, or 21 cents per share, with adjusted loss at 6 cents per share, surpassing Wall Street expectations. Revenue for the quarter reached $342.7M, up from $306.9M in Q1 2024 and $376.2M in Q2 2023. The company's pending merger with Nokia, expected to close in H1 2025, will result in a broader portfolio, greater scale, and geographic reach. Financial guidance is not being provided due to the pending acquisition.
August 02, 2024
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