Harman International Industries Inc Profit Rises 14% In Q3

(RTTNews) - Harman International Industries Inc (HAR) revealed earnings for its third quarter that rose compared to the same period last year.

The company said its bottom line totaled $98.63 million, or $1.36 per share. This was up from $86.72 million, or $1.22 per share, in last year's third quarter.

Analysts had expected the company to earn $1.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.6% to $1.63 billion. This was up from $1.46 billion last year.

Harman International Industries Inc earnings at a glance:

-Earnings (Q3): $98.63 Mln. vs. $86.72 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q3): $1.36 vs. $1.22 last year. -EPS Growth (Y-o-Y): 11.5% -Analysts Estimate: $1.43 -Revenue (Q3): $1.63 Bln vs. $1.46 Bln last year. -Revenue Change (Y-o-Y): 11.6%