New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
07:04 EDTHARHarman reducing 500 jobs, to possibly cut additional 500
Harman said it is implementing restructuring initiatives, which it expects will improve the company’s operating performance. The company will reduce approximately 500 jobs in high cost countries, resulting in annual operational savings of approximately $30M-$35M beginning in fiscal year 2014. The company expects to record a restructuring charge of approximately $30M-35M in the second half of FY13. Harman said it is also evaluating the sale or closure of a manufacturing site in Europe, which would reduce an additional 500 jobs.
News For HAR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 29, 2016
07:25 EDTHARHarman selloff yesterday brings buying opportunity, says JPMorgan
JPMorgan analyst Ryan Brinkman calls the 13% post-earnings pullback yesterday in shares of Harman International an overreaction. The analyst expects growth in the company's core automotive infotainment operation to reaccelerate as soon as next quarter and for Harman to meet its FY16 outlook. Brinkman sees a buying opportunity at current share levels and keeps an Overweight rating on Harman. He cut his price target for the shares to $113 from $118.
January 28, 2016
08:04 EDTHARHarman CEO: On track to deliver full year plan
"I am pleased to announce our 11th consecutive quarter of top and bottom line growth. Our strong first half results were in-line with our expectations. While we are closely monitoring macroeconomic developments, at this time, we are on track to deliver on our full year plan," said Dinesh C. Paliwal, Harman (HAR) Chairman, President and CEO. "HARMAN continues to innovate and bring industry-first solutions to market. We are also partnering with key technology leaders such as Google (GOOG), Microsoft (MSFT) and Under Armour (UA) to capitalize on the opportunities presented by IoT for automotive, enterprise and consumer electronics. In addition, our acquisition of TowerSec will strengthen our cybersecurity leadership position for automotive."
08:03 EDTHARHarman reports Q2 EPS $1.84, consensus $1.72
Subscribe for More Information
January 26, 2016
08:50 EDTHARHarman risk/reward favorable after pullback, says Pacific Crest
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use