Harman International Industries Inc. (HAR) reported net income of $16 million or $0.23 per share for the second quarter, compared to a loss of $319 million or $5.45 per share in the prior year quarter.
Non-GAAP net income was $28 million or $0.40 per share, compared to a loss of $13 million or $0.21 per share in the previous year quarter.
Net sales for the quarter grew 24% to $937 million from $756 million in the year-ago quarter. Excluding foreign currency translation, net sales increased by 15%.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share on revenue of $811.19 million for the quarter. Analysts' estimates typically exclude special items.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.