Harmonic (HLIT) Misses Q1 EPS by 8c; Issues Mixed Outlook

Harmonic (NASDAQ: HLIT) reported Q1 EPS of ($0.11), $0.08 worse than the analyst estimate of ($0.03). Revenue for the quarter came in at $82.5 million versus the consensus estimate of $83.98 million.

GUIDANCE:

Harmonic sees Q2 2016 EPS of ($0.05)-($0.02), versus the consensus of $0.00. Harmonic sees Q2 2016 revenue of $103-108 million, versus the consensus of $103.74 million.

Harmonic sees FY2016 EPS of $0.09-$0.12, versus the consensus of $0.11. Harmonic sees FY2016 revenue of $400-415 million, versus the consensus of $407 million.

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

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