Harmonic Q1 Sales $122.060M Beat $121.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Harmonic (NASDAQ:HLIT) reported Q1 sales of $122.060M, slightly beating the consensus estimate of $121.700M by 0.30%, but marking a 22.57% decrease from the same period last year.
April 29, 2024 | 8:21 pm
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Harmonic reported Q1 sales of $122.060M, surpassing estimates but showing a significant year-over-year decline.
While Harmonic's sales exceeded analyst expectations, the significant year-over-year decrease could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100