The company's revenue and earnings were down compared to Q2 2023. But they were ahead of Wall Street's estimates.
Harmonic Inc. (NASDAQ:HLIT ) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Nimrod Ben-Natan - President and Chief Executive Officer Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James Ryan Koontz - Needham & Company Steven Frankel - Rosenblatt Securities George Notter - Jefferies Tim Savageaux - Northland Capital Markets Operator Welcome to the Second Quarter 2024 Harmonic Earnings Conference Call. My name is Amy, and I will be your operator for today's call.
Harmonic (HLIT) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.12 per share a year ago.
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Harmonic (HLIT) and 44p unite to transform video delivery infrastructure, focusing on optimized distribution of Ultra High-Definition content.
Investors need to pay close attention to Harmonic (HLIT) stock based on the movements in the options market lately.