Harman profit jumps as sales to luxury carmakers rise
Jan 30 (Reuters) - Audio equipment maker Harman International Industries Inc reported a 53 percent jump in second-quarter profit, helped by strong sales of its infotainment systems to luxury carmakers such as BMW and Volkswagen.
Harman, known for brands such as JBL and Harman Kardon, said net income rose to $72 million, or $1.03 per share, in the quarter ended Dec. 31, from $47 million, or 68 cents per share, a year earlier.
Revenue rose 26 percent to $1.33 billion.
Harman shares were up 2.5 percent before the bell on Thursday.
- Malaysia military tracked missing plane to west coast: source |
- Malaysia air probe finds scant evidence of attack: sources |
- Ukraine forms new defense force, seeks Western help |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source
- Freescale loss in Malaysia tragedy leads to travel policy questions