SAN JOSE, Calif. (AP) _ Harmonic Inc. (HLIT) on Monday reported a loss of $1.5 million in its first quarter.

On a per-share basis, the San Jose, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and pretax expenses, came to 8 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.

The video services provider posted revenue of $147.4 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $140.6 million.

For the current quarter ending in July, Harmonic expects its per-share earnings to range from 7 cents to 11 cents.

The company said it expects revenue in the range of $144 million to $154 million for the fiscal second quarter.

Harmonic expects full-year earnings in the range of 34 cents to 45 cents per share, with revenue ranging from $585 million to $625 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HLIT at https://www.zacks.com/ap/HLIT

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