Harmonic: Q1 Earnings Snapshot
By Ap News
Published - Apr 29, 2024, 04:21 PM ET
Last Updated - Apr 29, 2024, 04:21 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Harmonic Inc. (HLIT) on Monday reported a loss of $8.1 million in its first quarter.
The San Jose, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The video services provider posted revenue of $122.1 million in the period.
