Harmonic Q2 2024 Adj. EPS $0.08 Beats $0.04 Estimate, Sales $138.740M Beat $133.666M Estimate
Portfolio Pulse from Benzinga Newsdesk
Harmonic (NASDAQ:HLIT) reported Q2 2024 adjusted EPS of $0.08, beating the $0.04 estimate. Sales were $138.740M, surpassing the $133.666M estimate. However, both EPS and sales decreased compared to the same period last year.
July 29, 2024 | 8:19 pm
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POSITIVE IMPACT
Harmonic's Q2 2024 earnings and sales beat analyst estimates, but both metrics are down compared to the same period last year.
Harmonic's better-than-expected earnings and sales are likely to have a positive short-term impact on the stock price. However, the year-over-year decline in both metrics may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100