Harmonic (HLIT) Tops Q3 EPS by 8c, Revenues Beat; Issues Mixed Outlook

Harmonic (NASDAQ: HLIT) reported Q3 EPS of $0.03, $0.08 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $94.9 million versus the consensus estimate of $82.05 million.

GUIDANCE:

Harmonic sees Q4 2020 EPS of $0.10-$0.18, versus the consensus of $0.17. Harmonic sees Q4 2020 revenue of $120-130 million, versus the consensus of $130.98 million.

Harmonic sees FY2020 EPS of ($0.03)-$0.04, versus the consensus of ($0.04). Harmonic sees FY2020 revenue of $367.5-377.5 million, versus the consensus of $365.44 million.

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

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