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News Breaks
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February 9, 2010
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| 10:10 EDT |  | HAR |
| theflyonthewall.com: | Harman surges after reporting better than expected results | | Harman (HAR), which develops audio products and electronic systems, reported Q2 EPS of 40c, compared with analysts' consensus estimate of 7c. The company's revenue was also higher than expected. Harman's gross margin rose 4.2% year-over-year, to 27.9%. "We are encouraged by the double-digit sales increase from the same period a year ago," said Harman CEO Dinesh Paliwal. "With our technology leadership, we are gaining market share in our Automotive Division, and our customers continue to reward us with new orders," Paliwal added. In a note to investors today, RBC Capital analyst Scot Ciccarelli responded to Harman's results by increasing his target on the stock to $45 from $42. Cicarelli believes that Harman's automotive is moving more quickly than expected towards profitability. The analyst believes that Harman has high risk, but significant appreciation potential. In early trading, Harman rallied $5.61, or 15.80%, to $41.11. :theflyonthewall.com |
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February 8, 2012
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| 23:32 EDT | | HAR |
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February 7, 2012
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| 10:06 EDT |  | HAR |
| | 09:57 EDT | | HAR |
| | 08:04 EDT |  | HAR |
| theflyonthewall.com: | Harman reports Q2 EPS 83c ex-items vs. consensus 73c | | Reports Q2 revenue $1.13B vs. consensus $1.05B. :theflyonthewall.com |
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February 6, 2012
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| 15:46 EDT | | HAR |
| theflyonthewall.com: | Companies reporting Before the Market Open on Tuesday, February 07 | | Notable companies reporting before the opening bell on Tuesday include Becton Dickinson (BDX), Coca-Cola (KO), Emerson Electric (EMR), Harman International (HAR) and Perrigo (PRGO). :theflyonthewall.com |
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