Recap: Harmonic Q1 Earnings - Harmonic (NASDAQ:HLIT)

Harmonic HLIT reported its Q1 earnings results on Monday, May 2, 2022 at 04:00 PM.

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

Harmonic beat estimated earnings by 100.0%, reporting an EPS of $0.08 versus an estimate of $0.04.

Revenue was up $35.86 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 14.31% drop in the share price the next day.

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

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.13	0.03		0.03
EPS Actual	0.16	0.09	0.05	0.04
Revenue Estimate	149.02M	117.83M	107.52M	102.21M
Revenue Actual	155.80M	126.32M	113.45M	111.58M

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 FY 2022, expecting earnings between $0.34 and $0.45 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.