Benzinga | Oct 26, 2020 04:04PM EDT

Harmonic Q3 EPS $(0.06) Misses $(0.05) Estimate, Sales $94.90M Beat $82.05M Estimate

Harmonic (NASDAQ:HLIT) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.05) by 20 percent. This is a 124 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $94.90 million which beat the analyst consensus estimate of $82.05 million by 15.66 percent. This is a 18.00 percent decrease over sales of $115.72 million the same period last year.