Harmonic (HLIT) Tops Q4 EPS by 2c

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Harmonic Announces Fourth Quarter and Fiscal 2016 Results

February 28, 2017 4:07 PM EST

SAN JOSE, Calif., Feb. 28, 2017 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its unaudited results for the fourth quarter and fiscal year ended December 31, 2016.

GAAP net revenue for the fourth quarter of 2016 was $113.1 million, compared with $101.4 million for the third quarter of 2016 and $86.6 million for the fourth quarter of 2015. GAAP net revenue for fiscal 2016 was $405.9 million, compared with $377.0 million for 2015.

Non-GAAP net revenue for the fourth quarter of 2016 was $113.8 million, compared with... More