UPDATE 1-Infinera Q4 loss narrower-than-expected, CFO to resign

miércoles 27 de enero de 2010 00:40 CET
 

* Q4 adj loss/shr, rev beats Street view

* Sees Q1 adj loss/shr $0.10-$0.11 vs est $-0.07

* Q1 sales forecast beats estimates

* CFO Williams to be replaced by Brennan

* Shares fall 3 pct after the bell

Jan 26 (Reuters) - Communications equipment maker Infinera Corp (INFN.O: Cotización) posted a narrower-than-expected quarterly loss, and said that expenses related to a new product launch would hurt its first quarter.

"Operating expenses will increase in first quarter, primarily due to significant increases in research and development, and we believe that first quarter will be our peak expense level for 2010," Chief Financial Officer Duston Williams said on a conference call with analysts.

The company forecast a first-quarter loss of 10 cents to 11 cents a share, on revenue of $92 million to $94 million, compared with analysts expectations of a loss of 7 cents a share, excluding items, on revenue of $84.6 million, according to Thomson Reuters I/B/E/S.

"They guided to sequential growth in what has been historically a seasonally down quarter suggesting that the optical industry is in an early stages of recovery," Pacific Crest Securities analyst Brent Bracelin said.   Continuación...