Harmonic (HLIT) cuts Q1 guidance, now seeing an EPS of around $0.02 - $0.03 per share on revenue...

|About: Harmonic Inc. (HLIT)|By:, SA News Editor

Harmonic (HLIT) cuts Q1 guidance, now seeing an EPS of around $0.02 - $0.03 per share on revenue of $125M - $128M. Consensus estimates are for $0.09 per share on $137M in revenue. The company says it was adversely impacted by the slower than expected order rate in the early part of the quarter, plus a decline in demand from its European customers. Shares -5% AH.