Recap: Harmonic Q4 Earnings - Harmonic (NASDAQ:HLIT)

Harmonic HLIT reported its Q4 earnings results on Monday, January 29, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Harmonic beat estimated earnings by 30.0%, reporting an EPS of $0.13 versus an estimate of $0.1.

Revenue was up $2.76 million from the same period last year.

Last quarter the company missed on EPS by $0.01 which was followed by a 10.89% increase in the share price the next day.

Here's a look at Harmonic's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.01	0.13	0.08	0.14
EPS Actual	0	0.12	0.12	0.17
Revenue Estimate	132.88M	167.28M	157.82M	159.32M
Revenue Actual	127.20M	155.96M	157.65M	164.33M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Harmonic management provided guidance for Q1 2024, expecting earnings between $-0.06 and $0.02 per share.

To track all earnings releases for Harmonic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.