Harmonic shares are trading lower after the company reported worse-than-expected Q2 financial results and issued Q3 and FY23 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Harmonic Inc. reported disappointing Q2 financial results and issued Q3 and FY23 guidance below market expectations, leading to a drop in its share price.
August 04, 2023 | 9:56 am
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NEGATIVE IMPACT
Harmonic's lower-than-expected Q2 results and disappointing future guidance have negatively impacted its stock price.
Harmonic's Q2 results were below market expectations, and the company's future guidance also disappointed investors. This negative news directly impacts the company's stock price, leading to a decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100