Harmonic Announces First Quarter 2019 Results
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Harmonic (HLIT) Reports In-Line Q1 EPS, Revenues Miss
April 29, 2019 4:49 PM EDTHarmonic (NASDAQ: HLIT) reported Q1 EPS of ($0.05), in-line with the analyst estimate of ($0.05). Revenue for the quarter came in at $80.1 million versus the consensus estimate of $85.52 million.
Q1 Financial and Business Highlights
Revenue: GAAP $80.1 million, down 11.1% year over year; non-GAAP $80.1 million, down 11.2% year over year.SaaS and service revenue: 34.6% of total revenue, compared to 29% in the year ago period.SaaS and service gross margin: GAAP 59.6% and... More