Harman International Industries Inc Profit Advances 25% In Q1

(RTTNews) - Harman International Industries Inc (HAR) announced earnings for its first quarter that gained ground compared to the same period last year.

The company said its bottom line came in at $134 million, or $1.87 per share. This was higher than $107 million, or $1.48 per share, in last year's first quarter.

Analysts had expected the company to earn $1.53 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 8.0% to $1.76 billion. This was up from $1.63 billion last year.

Harman International Industries Inc earnings at a glance:

-Earnings (Q1): $134 Mln. vs. $107 Mln. last year. -Earnings Growth (Y-o-Y): 25.2% -EPS (Q1): $1.87 vs. $1.48 last year. -EPS Growth (Y-o-Y): 26.4% -Analysts Estimate: $1.53 -Revenue (Q1): $1.76 Bln vs. $1.63 Bln last year. -Revenue Change (Y-o-Y): 8.0%