India, Feb. 27 -- Infinera Corp. (INFN) reported that its net loss for the fourth quarter was $26.34 million or $0.11 per share, compared to net income of $12.87 million, or $0.06 per share, in the fourth quarter of 2023.
Total other expense was $17.70 million compared to expense of $3.09 million in the prior year. Non-GAAP net income for the quarter was $8.2 million, or $0.03 per share, compared to $28.6 million, or $0.12 per share, in the fourth quarter of 2023. Analysts expected the company to report earnings of $0.11 per share for the fourth quarter. Analysts' estimates typically exclude special items.
GAAP revenue for the quarter declined to $414.39 million from $453.46 million in the fourth quarter of 2023. Analysts expected revenue...