Harman International Industries Inc Bottom Line Advances 16% In Q1

(RTTNews) - Harman International Industries Inc (HAR) revealed a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $107 million, or $1.48 per share. This was higher than $92 million, or $1.31 per share, in last year's first quarter.

Analysts had expected the company to earn $1.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.0% to $1.63 billion. This was up from $1.43 billion last year.

Harman International Industries Inc earnings at a glance:

-Earnings (Q1): $107 Mln. vs. $92 Mln. last year. -Earnings Growth (Y-o-Y): 16.3% -EPS (Q1): $1.48 vs. $1.31 last year. -EPS Growth (Y-o-Y): 13.0% -Analysts Estimate: $1.40 -Revenue (Q1): $1.63 Bln vs. $1.43 Bln last year. -Revenue Change (Y-o-Y): 14.0%