- Harmonic (NASDAQ:HLIT) is up 3.2% after hours following a beat on top and bottom lines in its Q3 results after double-digit growth in revenues and operating profit.
- Operating income was $5.7M on a non-GAAP basis, vs. a year-ago $1.3M (NYSE:MMM). Revenues grew 11% to $101.4M.
- Bookings, meanwhile, fell to $79.5M from a year-ago $96M, while Backlog and deferred revenue at quarter's end was up to $207.6M from a year-ago $200.9M.
- Revenue breakout: Product, $62.8M (up 8%); Service, $37.8M (up 11.7%). In products: Video products, $45.78M vs. a year-ago $54.175M; Cable Access, $17.5M vs. a year-ago $3.82M.
- Cash as of quarter's end was $61.7M, up from a year-ago $50M.
- For Q4, it's guiding to net revenues of $105M-$118M (vs. consensus for $112.6M) with gross margin of 49-50%, and EPS of $0.01-$0.07 (vs. consensus for $0.06).
- For the full year, it sees revenues of $396M-$409M (vs. expectations for $410.7M) with gross margin of 52.5-53%, and EPS of $0.09-$0.16 (vs. expectations for $0.10).
- Previously: Harmonic beats by $0.03, beats on revenue (Oct. 29 2018)
- Press release
- Now read: Rambus -6.2% on Q3 misses with in-line guide; appoints CEO
Original article