Harmonic (HLIT) Tops Q4 EPS by 2c; Issues Mixed Outlook

Harmonic (NASDAQ: HLIT) reported Q4 EPS of $0.01, $0.02 better than the analyst estimate of ($0.01). Revenue for the quarter came in at $86.6 million versus the consensus estimate of $83.92 million.

GUIDANCE:

Harmonic sees Q1 2016 EPS of ($0.03)-($0.02), versus the consensus of ($0.01). Harmonic sees Q1 2016 revenue of $82-86 million, versus the consensus of $85.4 million.

Harmonic sees FY2016 EPS of $0.09-$0.12, versus the consensus of $0.14. Harmonic sees FY2016 revenue of $400-415 million, versus the consensus of $393.66 million.

"We were encouraged by our improved sequential financial performance in the fourth quarter led by strong global bookings," said Patrick Harshman, Harmonic's CEO. "Our VOS software platform has become an important component of our Video revenue stream, and the Thomson Video Networks acquisition, which will increase our Video business marketplace presence and operational scale, remains on track to close in the first quarter of 2016. We also continue to make good progress on our new DOCSIS 3.1 CableOS initiative, which we project will begin shipping in the second half of this year."

For earnings history and earnings-related data on Harmonic (HLIT) click here.

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