Harman's revenue dips on weak European auto sector
Nov 2 (Reuters) - Audio systems maker Harman International Industries Inc reported a 5 percent fall in revenue as a weak European automotive sector hit sales to luxury carmakers.
Net income rose to $55 million, or 79 cents per share, in the first quarter, from $48 million, or 67 cents per share, a year earlier.
Revenue fell 5 percent to $998 million.
The company supplies audio parts to luxury carmakers like Daimler and Volkswagen AG in Europe.
- Tweet this
- Share this
- Digg this