Harmonic (HLIT) Q2 Earnings and Revenues Surpass Estimates

This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this video services provider would post a loss of $0.01 per share when it actually produced break-even earnings, delivering a surprise of 100%. Harmonic, which belongs to the Zacks Communication - Components industry, posted revenues of $138.74 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.33%. This compares to year-ago revenues of $155.96 million. The company has topped ...