Why Harmonic Stock Is Soaring Today

Shares of video-streaming technology company Harmonic (HLIT 17.15%) skyrocketed today after the company reported better-than-expected second-quarter results. Falling revenue and earnings, but ahead of estimates The company's non-GAAP (adjusted) earnings per share of $0.08 were down from Q2 2023 earnings of $0.12, which was still good enough to easily outpace analysts' consensus estimate of $0.04 for the quarter. The significant earnings beat for the second quarter was likely a big factor in Harmonic's share ...