Recap: Harmonic Q4 Earnings

Harmonic HLIT reported its Q4 earnings results on Monday, January 29, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Harmonic beat estimated earnings by 30.0%, reporting an EPS of $0.13 versus an estimate of $0.1.

Revenue was up $2.76 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 10.89% increase in the share price the next day.

Here's a look at Harmonic's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Harmonic management provided guidance for Q1 2024, expecting earnings between $-0.06 and $0.02 per share.

To track all earnings releases for Harmonic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.