Harmonic Falls 36% on Earnings Shortfall Due to Sales Slowdown - TheStreet

Shares in telecommunications systems provider

Harmonic

(HLIT) - Get Report

dropped 35.8% in preopen

Island

trading after the company said it expects to report a third-quarter loss of 6 to 9 cents per share, falling well short of the Street estimate of a 12-cent profit. The company blamed the shortfall on a sales slowdown.