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Benzinga
Benzinga
Business
Henry Khederian

UNBELIEVABLE: Why harmonic shares are falling | History Defined

Harmonic

Harmonic Inc (NASDAQ:HLIT) shares are trading lower by 12.2% at $9.45 Tuesday morning after the company reported fourth-quarter earnings results and issued guidance.

Harmonic reported quarterly earnings of 16 cents per share which beat the analyst consensus estimate of 13 cents. The company reported quarterly sales of $155.80 million which beat the analyst consensus estimate of $149.02 million by 5%.

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