Harman International Issues FY14 Outlook

(RTTNews) - Harman International Industries, Inc. (HAR), Thursday issued an outlook for the full year 2014.

The company expects earnings of about $3.85 per share and revenues of around $4.70 billion. Analysts polled by Thomson Reuters currently estimate earnings of $3.72 per share on revenues of $4.70 billion for the year.

For the full year 2016, the company expects revenues of about $6.05 billion.

Chief Executive Dinesh Paliwal said, "Our record high $20 billion backlog of awarded business is a clear validation of automakers' confidence in HARMAN's technology strategy to meet the evolving needs for solutions that are connected, safe, and intelligent. With a strong innovation pipeline and a proven execution track record, we continue to improve our profitability and are creating value for our shareholders."