Harmonic Announces First Quarter 2020 Results
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Harmonic (HLIT) Misses Q1 EPS by 5c, Revenues Miss; Offers 2Q EPS/Revenues Below Consensus
April 27, 2020 4:28 PM EDTHarmonic (NASDAQ: HLIT) reported Q1 EPS of ($0.10), $0.05 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $78.4 million versus the consensus estimate of $85.02 million.
Q1 Financial and Business Highlights
Financial
Revenue: $78.4 million, down 2.1% year over year.SaaS and service revenue: $30.7 million, up 10.5% year over year.Gross margin: GAAP 46.8% and non-GAAP 48.9%, compared to GAAP 52.2% and non-GAAP 54.5% in the year ago period.Cable Access segment revenue: $24.0 million, up 85.6% year over... More