Harmonic Expects Q3 Net Revenue Of $125M-$140M (Consensus $188.6M), Adj EPS Of $(0.02)-$0.02 (Consensus $0.19)
Portfolio Pulse from Benzinga Newsdesk
Harmonic Inc. has projected its Q3 net revenue to be between $125M and $140M, which is significantly lower than the consensus estimate of $188.6M. The company also expects its adjusted EPS to be between $(0.02) and $0.02, compared to the consensus estimate of $0.19.
July 31, 2023 | 10:01 pm
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NEGATIVE IMPACT
Harmonic's lower than expected Q3 revenue and EPS forecasts may negatively impact its stock price.
Harmonic's projected Q3 net revenue and adjusted EPS are significantly lower than the consensus estimates. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100