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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Why Harmonic Stock Is Soaring Today

Brett Schafer, The Motley Fool
·2 min read
Why Harmonic Stock Is Soaring Today

Investors were excited about Harmonic's results because the company generated adjusted earnings per share (EPS) of $0.05. Harmonic's Q2 revenue grew 53% year over year to $113.4 million. The growth was driven by demand for its cable access segment, which hit $50.1 million in revenue last quarter, growing 89% year over year.

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