Harmonic Q2 EPS $0.12 Misses $0.13 Estimate, Sales $156.00M Miss $167.27M Estimate
Portfolio Pulse from Benzinga Newsdesk
Harmonic reported Q2 earnings of $0.12 per share, missing the analyst consensus estimate of $0.13 by 7.69%. This is a 25% decrease from the same period last year. The company also reported quarterly sales of $156.00 million, missing the analyst consensus estimate of $167.27 million by 6.74%. This is a 0.92% decrease from the same period last year.
July 31, 2023 | 9:05 pm
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Harmonic's Q2 earnings and sales missed estimates, with a YoY decrease in both earnings per share and sales. This could negatively impact the company's stock price in the short term.
Harmonic's missed earnings and sales estimates, along with a YoY decrease in both, could lead to a negative sentiment among investors, potentially causing a short-term decrease in the company's stock price.
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