Harman 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.
Harman names 3D Systems CEO Avi Reichental to board of directors Harman (HAR) announced that Avi N. Reichental has been elected to the company’s Board of Directors effective April 1, bringing the size of the Board to 10 directors. Reichental is President and CEO of 3D Systems (DDD).