November 2, 2012 / 12:15 PM / in 5 years

Harman's revenue dips on weak European auto sector

1 Min Read

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.

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