SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Harmonic Inc. (HLIT) on Monday reported a loss of $8.1 million in its first quarter.
The San Jose, California-based company said it had a loss of 7 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.
The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The video services provider posted revenue of $122.1 million in the period.
For the current quarter ending in June, Harmonic said it expects revenue in the range of $125 million to $140 million.
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