• Harmonic Inc HLIT.OQ reported quarterly adjusted earnings of 12 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 26 cents. The mean expectation of six analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 3 cents to 6 cents per share.

• Revenue fell 27.3% to $142.40 million from a year ago; analysts expected $128.68 million.

• Harmonic Inc's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $2.69 million.

• Harmonic Inc shares had risen by 5.1% this quarter and lost 19.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is "buy."

• Wall Street's median 12-month price target for Harmonic Inc is $12.00, about 10.8% above its last closing price of $10.70

This summary was machine generated from LSEG data November 3 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)