SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Harmonic Inc. (HLIT) on Monday reported second-quarter net income of $2.9 million.
The San Jose, California-based company said it had profit of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 9 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The video services provider posted revenue of $138 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $130.2 million.
For the current quarter ending in September, Harmonic expects its per-share earnings to range from 2 cents to 7 cents.
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