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:
Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
---|---|---|---|---|
EPS Estimate | 0.01 | 0.13 | 0.08 | 0.14 |
EPS Actual | 0 | 0.12 | 0.12 | 0.17 |
Revenue Estimate | 132.88M | 167.28M | 157.82M | 159.32M |
Revenue Actual | 127.20M | 155.96M | 157.65M | 164.33M |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
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