Harmonic (HLIT) Misses Q1 EPS by 9c; Guides Below

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Harmonic Announces First Quarter 2017 Results

May 1, 2017 4:03 PM EDT

SAN JOSE, Calif., May 1, 2017 /PRNewswire/ -- Harmonic Inc. (NASDAQ: HLIT), the worldwide leader in video delivery infrastructure, announced today its unaudited results for the first quarter of 2017.

GAAP net revenue for the first quarter of 2017 was $82.9 million, compared with $113.1 million for the fourth quarter of 2016 and $81.8 million for the first quarter of 2016.

Non-GAAP net revenue for the first quarter of 2017 was $83.5 million, compared with $113.8 million for the fourth quarter of 2016 and $82.5 million for the first quarter of 2016.... More