Harmonic Inc (NASDAQ:HLIT) shares are trading lower by 12.2% at $9.45 Tuesday morning after the company reported fourth-quarter earnings results and issued guidance.
Harmonic reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 13 cents. The company reported quarterly sales of $155.80 million which beat the analyst consensus estimate of $149.02 million by 5%.
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Harmonic has a 52-week high of $12.22 and a 52-week low of $6.69.
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