Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Harman International Industries Q3 Profit Surges - Quick Facts

RELATED NEWS
Trade HAR now with 

Harman International Industries Inc (HAR: Quote) reported that its third-quarter net income was $172.66 million or $2.38 per share, up from $36.60 million or $0.51 per share in the same quarter last year. The company said that release of a deferred tax asset valuation allowance increases earnings per share by $1.71 to $2.38.

Non-GAAP earnings per share increased to $0.74 from $0.60 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.67 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $1.096 billion from $948.20 million in the prior year quarter. Two analysts had consensus revenue estimate of $1.04 billion for the quarter.

Harman International Industries also declared a cash dividend on April 30, 2012 of $.075 cents per share for the third quarter ended March 31, 2012. The quarterly dividend will be paid on May 24, 2012, to each stockholder of record as of the close of business on May 10, 2012.

Register
To receive FREE breaking news email alerts for Harman International Industries Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Friday after initially showing a lack of direction. The gains on the day extended the recent upward trend by the markets, with the tech-heavy Nasdaq reaching its best closing level in almost a month. Looking to capitalize on news of an Ebola diagnosis in New York City, Republican Senate candidate Scott Brown issued a statement Friday criticizing his Democratic opponent Sen. Jeanne Shaheen, D-N.H., for "waffling" on a travel ban. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.