Harmonic (HLIT) Tops Q2 EPS by 4c; Issues Weak Guidance

Harmonic (NASDAQ: HLIT) reported Q2 EPS of $0.00, $0.04 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $108.8 million versus the consensus estimate of $104.48 million.

GUIDANCE:

Harmonic sees Q3 2016 EPS of ($0.16)-($0.14), versus the consensus of $0.03. Harmonic sees Q3 2016 revenue of $104.5-109.5 million, versus the consensus of $105 million.

Harmonic sees FY2016 EPS of ($0.69)-($0.64), versus the consensus of $0.06. Harmonic sees FY2016 revenue of $408-418 million, versus the consensus of $485.0 million.

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

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