04:54 PM EST, 02/10/2025 (MT Newswires) -- Harmonic (HLIT) reported Q4 non-GAAP earnings late Monday of $0.45 per share, up from $0.13 a year earlier.

Analysts polled by FactSet expected $0.37.

Net revenue for the quarter ended Dec. 31 was $222.2 million, up from $167.1 million a year earlier. Analysts surveyed by FactSet expected $213.6 million.

For Q1, the company said it expects non-GAAP EPS of $0.02 to $0.08. For 2025, it expects non-GAAP EPS of $0.43 to $0.68. Analysts polled by FactSet are looking non-GAAP EPS of $0.12 and $0.87, respectively.

The company expects net revenue of $120 million to $135 million for Q1 and $585 million to $645 million for the full year. Analysts surveyed by FactSet project $148.4 million and $727.4 million, respectively.

Shares were down nearly 31% in extended trading.