Harman Q3 Profit Rises; Lifts Full Year Guidance - Quick Facts

(RTTNews) - Harman International Industries, Incorporated (HAR) reported third-quarter net income of $73 million or $1.05 per share, compared to $35 million or $0.50 per share, last year. Non-GAAP net income was $78 million or $1.12 per share, for the quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $1.00 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.40 billion, compared to $1.06 billion, a year ago. Analysts expected revenue of $1.27 billion for the quarter.

HARMAN raised its financial outlook for fiscal 2014. The company now forecasts global revenue of approximately $5.275 billion, and earnings per share of approximately $4.36. Analysts expect the company to reoprt 2014 profit per share of $4.23 on revenue of $5.12 billion.