Harmonic (Nasdaq: HLIT) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Harmonic missed slightly on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share didn't change.

Margins dropped across the board.

Revenue details
 Harmonic reported revenue of $132.6 million. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $135.0 million on the same basis. GAAP reported sales were 1.0% lower than the prior-year quarter's $134.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.06. The eight earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $0.00 were the same as the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 43.4%, 270 basis points worse than the prior-year quarter. Operating margin was -1.8%, 280 basis points worse than the prior-year quarter. Net margin was 0.0%, 30 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $142.1 million. On the bottom line, the average EPS estimate is $0.09.

Next year's average estimate for revenue is $554.0 million. The average EPS estimate is $0.30.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 293 members out of 311 rating the stock outperform, and 18 members rating it underperform. Among 54 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 51 give Harmonic a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harmonic is outperform, with an average price target of $6.04.

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