Harmonic Inc. (NASDAQ:HLIT) is reporting third quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.05 per share.
For the full year, analysts predict revenues of $ 365.44 million, while looking forward to loss of $ 0.04 per share.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.09 ~ $ -0.01 per share, while revenues are expected in a range of $ 75.00 million ~ $ 87.00 million
Full Year 2020 topline are forecasted in a range of$ 349.50 million ~ $ 381.50 million, where as bottomline are predicted in a range of $ -0.12 ~ $ 0.05 per share
Click Here For More Historical Outlooks Of Harmonic Inc.
Previous Quarter Performance
Harmonic Inc. came out with loss for the second quarter of $ 0.06 per share, from the revenue of $ 73.99 million. The quarterly revenues fell 13.02 percent compared with the same quarter last year. Wall street analysts are predicting, HLIT to report 2Q20 loss of $ 0.13 per share from revenue of $ 69.93 million. The bottom line results beat street analysts by $ 0.07 or 53.85 percent, at the same time, top line results outshined analysts by $ 4.06 million or 5.81 percent.
Stock Performance
On Friday, shares of Harmonic Inc. has traded high as $ 7.18 and has cracked $ 6.77 on the downward trend, reaching $ 7.07 with volume of 1.12 million shares.
According to the previous trading day, closing price of $ 7.07, representing a 52.70 % increase from the 52 week low of $ 4.44 and a 20.89 % decrease over the 52 week high of $ 8.57.
The company has a market capital of $ 688.82 million and is part of the Technology sector and Communication Equipment industry.
Conference Call
Harmonic Inc. will be hosting a conference call at 5:00 PM eastern time on 26th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.harmonicinc.com
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones.
