Harman International Q4 Results Top View - Quick Facts

(RTTNews) - Harman International Industries, Inc. (HAR) reported fourth-quarter net income attributable to the company of $73.2 million or $1.01 per share, up from $43.2 million or $0.62 per share in the prior year.

Excluding items, adjusted earnings for the quarter were $1.37 per share, compared to $1.25 per share in the year-ago period. On average, 9 analysts polled by Thomson Reuters expected the company to earn $1.32 per share for the quarter. Analysts estimates usually exclude special items.

Net sales for the quarter rose 16 percent to $1.68 billion from $1.44 billion in the same period last year. Excluding the impact of foreign currency translation and acquisitions, net sales were up 16 percent. Analysts were looking for revenues of $1.56 billion.