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Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:38 EDTHARHarman gaps down sharply after weak earnings and outlook
The stock is down over 14% at time of writing following a weak earnings report and a cut in guidance. The company missed Q2 consensus EPS by 29 cents per share and reduced its outlook for fiscal year 2013 EPS to a range of $2.70 to $2.90 per share versus expectations of $3.67. Support based on the current price of $42.17 is at $41. Resistance is at the high of the session at $43.
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