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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:36 EDTHLITHarmonic reports preliminary Q2 EPS 0c-2c, consensus 6c
Reports preliminary Q2 revenue $108M-$110M, consensus $117.17M. GAAP gross margin is expected to be in the range of 44.5%-46.5%, compared with the company's previous guidance of 49.5%-50.5%. GAAP operating expenses are expected to be in the range of $58.5M-$59.5M, compared with the company's previous guidance of $61M-$62M. Non-GAAP gross margin is expected to be in the range of 49%-51%, compared with the company's previous guidance of 52.5%-53.5%. Non-GAAP operating expenses are expected to be in the range of $52.5M-$53.5M, compared with the company's previous guidance of $54.5M-$55.5M. Preliminary bookings for the Q2 were $113.4M, with first half 2014 bookings approximately 1% higher than bookings in the first half of 2013. Total backlog and deferred revenue was $132.1M as of June 27, compared to $126.4M as of March 29.
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August 26, 2014
14:54 EDTHLITHarmonic management to meet with Stephens
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