شناسهٔ خبر: 47023321 - سرویس سیاسی
نسخه قابل چاپ منبع: آسوشیتد پرس | لینک خبر

Harmonic: Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) _ Harmonic Inc. (HLIT) on Monday reported a loss of $6.1 million in its first quarter. On a per-share basis, the San Jose, California-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 4 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

صاحب‌خبر -

SAN JOSE, Calif. (AP) _ Harmonic Inc. (HLIT) on Monday reported a loss of $6.1 million in its first quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 6 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The video services provider posted revenue of $111.6 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $103.1 million.

For the current quarter ending in July, Harmonic expects its results to range from a loss of 3 cents per share to earnings of 1 cent per share.

The company said it expects revenue in the range of $102 million to $112 million for the fiscal second quarter.

Harmonic expects full-year earnings in the range of 6 cents to 24 cents per share, with revenue ranging from $435 million to $480 million.

Harmonic shares have climbed almost 10% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.11, an increase of 42% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLIT at https://www.zacks.com/ap/HLIT

برچسب‌ها: