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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.
News For HAR From The Last 14 Days
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September 17, 2014
13:47 EDTHARHarman, NBA announce marketing, merchandising partnership
Harman International and the National Basketball Association announced a multiyear marketing and merchandising partnership that will make the company the official headphone, speaker, and audio partner of the NBA, Womenís National Basketball Association, NBA Development League, and USA Basketball. The new marketing and consumer products partnership will focus on Harmanís JBL brand and will provide fans with enhanced audio experiences both in the arena and at home. Harmanís products will also be featured at NBA events worldwide and integrated into league operations. Harman will provide JBL and other Harman products to players and coaches. Additionally, as early as this holiday season, Harman will produce NBA-branded audio products for fans around the world. The products will include team- and player-branded headphones and portable speakers.

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