Harman posts higher quarterly revenue
Aug 6 (Reuters) - Audio systems maker Harman International Industries Inc, whose brands include JBL and Harman Kardon, reported an 8 percent rise in revenue as demand rose for its infotainment systems from luxury carmakers.
Net income fell to $5.5 million, or 8 cents per share, in the fourth quarter, from $49.3 million, or 69 cents per share, a year earlier.
On an adjusted basis, the company earned 91 cents per share.
Harman recorded restructuring and other charges of $72 million in the quarter.
Revenue rose to $1.18 billion.
Infotainment, Harman's biggest business, reported a 4 percent rise in revenue.
The business provides integrated navigation, entertainment and communication systems for luxury carmakers such as Daimler AG, Fiat SpA's Ferrari and Volkswagen's Audi.
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