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

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

Harmonic Announces Second Quarter 2016 Results

August 9, 2016 4:03 PM EDT

SAN JOSE, CA -- (Marketwired) -- 08/09/16 -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its preliminary and unaudited results for the second quarter of 2016.

GAAP net revenue for the second quarter of 2016 was $108.8 million, compared with $81.8 million for the first quarter of 2016 and $103.1 million for the second quarter of 2015.

Non-GAAP net revenue for the second quarter of 2016 was $109.5 million, compared with $82.5 million for the first quarter of 2016 and $103.1 million for the second quarter of 2015.

Bookings for the second quarter of 2016 were $117.3 million, compared with $109.6... More