Harmonic: Q3 Earnings Snapshot
By AP News
Published - Oct 28, 2024, 04:29 PM ET
Last Updated - Oct 28, 2024, 04:29 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Harmonic Inc. (HLIT) on Monday reported third-quarter profit of $21.7 million.
The San Jose, California-based company said it had net income of 19 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The video services provider posted revenue of $195.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $178.1 million.
