Harmonic (HLIT) Misses Q1 EPS by 8c; Issues Mixed Outlook
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Harmonic Announces First Quarter 2016 Results
May 10, 2016 4:03 PM EDTSAN JOSE, CA -- (Marketwired) -- 05/10/16 -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its preliminary and unaudited results for the first quarter of 2016.
On February 29, 2016, Harmonic closed the acquisition of Thomson Video Networks ("TVN"). As a result, first quarter 2016 results include TVN results from March 1, 2016 through the end of the quarter, April 1, 2016.
GAAP net revenue for the first quarter of 2016 was $81.8 million, compared with $86.6 million for the fourth quarter of 2015 and $104.0 million for the first quarter of 2015.
Non-GAAP net revenue for the first quarter of 2016... More
