Harmonic Announces First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Harmonic (HLIT) Misses Q1 EPS by 5c, Revenues Miss; Offers 2Q EPS/Revenues Below Consensus
April 27, 2020 4:28 PM EDTHarmonic (NASDAQ: HLIT) reported Q1 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $78.4 million versus the consensus estimate of $85.02 million.
Q1 Financial and Business Highlights
Financial
Revenue: $78.4 million, down 2.1% year over year.SaaS and service revenue: $30.7 million, up 10.5% year over year.Gross margin: GAAP 46.8% and non-GAAP 48.9%, compared to GAAP 52.2% and non-GAAP 54.5% in the year ago period.Cable Access segment revenue: $24.0 million, up 85.6% year over... More