Harmonic Narrows FY2024 Adj EPS Guidance from $0.56-0.75 to $0.67-0.73 vs $0.65 Est; Narrows FY2024 Sales Guidance from $645.00M-695.00M to $662.00M-677.00M vs $663.35M Est.
Portfolio Pulse from Benzinga Newsdesk
Harmonic has updated its FY2024 financial guidance, narrowing its adjusted EPS range to $0.67-0.73 and sales outlook to $662M-677M, both slightly above analyst estimates.
October 28, 2024 | 8:14 pm
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Harmonic has revised its FY2024 guidance, narrowing its adjusted EPS to $0.67-0.73 and sales to $662M-677M, both slightly above analyst estimates, indicating a positive outlook.
Harmonic's revised guidance shows improved expectations for both EPS and sales, exceeding analyst estimates. This suggests a positive outlook and could lead to a short-term increase in stock price as investors react to the better-than-expected guidance.
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