Harmonic Narrows FY2024 GAAP EPS Guidance from $0.19-0.38 to $0.27-0.32 vs $0.13 Est; Narrows FY2024 Sales Guidance from $645.00M-695.00M to $662.00M-677.00M vs $0.00 Est.
Portfolio Pulse from Benzinga Newsdesk
Harmonic (NASDAQ:HLIT) has updated its FY2024 financial guidance, narrowing its GAAP EPS forecast to $0.27-0.32, which is above the analyst estimate of $0.13. The company also adjusted its sales outlook to $662-677 million, indicating a more precise range than previously stated.
October 28, 2024 | 8:14 pm
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Harmonic has revised its FY2024 guidance, narrowing its GAAP EPS to $0.27-0.32, surpassing the analyst estimate of $0.13. The sales guidance is also narrowed to $662-677 million, suggesting a more focused financial outlook.
The narrowing of both EPS and sales guidance to ranges that are more precise and above analyst estimates suggests a positive outlook for Harmonic. This is likely to boost investor confidence and positively impact the stock price in the short term.
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