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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.
News For HAR From The Last 14 Days
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February 8, 2016
18:30 EDTHARHarman and InterDigital partner to develop oneM2M compliant IoT solutions
Harman (HAR) has partnered with InterDigital (IDCC) to deliver a suite of oneM2M and 3GPP compliant end-to-end Internet of Things - IoT- solutions to the market, combining InterDigital's oneMPOWER IoT platform and Harman's IoT systems integration and service management. As part of the initial roll-out, HARMAN and InterDigital will be offering the oneMPOWER based IoT solution to companies in the smart infrastructure market.
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.

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