Harmonic Cuts FY23 Adj EPS Outlook From $0.63-$0.74 To $0.38-$0.52 (Consensus $0.69)
Portfolio Pulse from Benzinga Newsdesk
Harmonic has reduced its FY23 adjusted EPS outlook from $0.63-$0.74 to $0.38-$0.52, which is below the consensus of $0.69.
July 31, 2023 | 10:01 pm
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NEGATIVE IMPACT
Harmonic's reduced FY23 adjusted EPS outlook may negatively impact its stock price in the short term.
Harmonic's reduced FY23 adjusted EPS outlook is significantly below the consensus, which could lead to a negative market reaction and a potential decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100