Harmonic Q4 Adj EPS $0.13 Beats $0.10 Estimate, Sales $167.09M Beat $159.80M Estimate
Portfolio Pulse from mahesh@benzinga.com
Harmonic Inc. (NASDAQ:HLIT) reported Q4 adjusted EPS of $0.13, surpassing the $0.10 estimate, a 30% beat. However, this represents a 23.53% decrease from the $0.17 per share a year ago. Q4 sales were $167.09M, exceeding the $159.80M estimate by 4.56% and marking a 1.68% increase from the previous year's $164.33M.
January 29, 2024 | 9:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Harmonic Inc. reported higher-than-expected Q4 earnings and sales, with EPS at $0.13 beating estimates by 30% and sales up 1.68% YOY to $167.09M, surpassing estimates.
Positive earnings surprises typically lead to a short-term increase in stock price as they reflect better-than-expected financial health and performance. Although there's a year-over-year decrease in EPS, the beat on both top and bottom lines can be seen as a strong positive signal to investors, potentially leading to a short-term uptick in HLIT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100