Harmonic Inc. (NASDAQ:HLIT) is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.13 per share.
Looking ahead, the full year loss are expected at $ 0.23 per share on the revenues of $ 339.43 million.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 62.00 million ~ $ 77.00 million
Full Year 2020 topline are forecasted in a range of$ 390.00 million ~ $ 430.00 million
Click Here For More Historical Outlooks Of Harmonic Inc.
Previous Quarter Performance
Harmonic Inc. came out with loss for the first quarter of $ 0.10 per share, from the revenue of $ 78.42 million. The quarterly revenues fell 2.13 percent compared with the same quarter last year. Street analysts expected Harmonic Inc. to report loss of $ 0.05 per share on revenue of $ 85.02 million for the first quarter. The bottom line results missed street analysts by $ 0.05 or 100 percent, at the same time, top line results fell short of analysts by $ 6.6 million or 7.76 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Harmonic Inc.
Stock Performance
According to the previous trading day, closing price of HLIT was $ 5.58, representing a 25.68 % increase from the 52 week low of $ 4.44 and a 34.89 % decrease over the 52 week high of $ 8.57.
The company has a market capital of $ 538.91 million and is part of the Technology sector and Communication Equipment industry.
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Conference Call
Harmonic Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.harmonicinc.com
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.
