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Provider: Thomson Reuters Stock Report
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Harman International Industries Inc Raises FY 2013 EPS Guidance; Updates FY 2013 Revenue Guidance; Sees FY 2013 EBIT And EBITDA Guidance At High End Of Prior Range

Thursday, 2 May 2013 08:00am EDT 

Harman International Industries Inc announced it has raised its fiscal 2013 operational earnings per share guidance to $3.00 from its previous range of $2.70-$2.90. The Company now expects revenue to be at the mid to high-end of its previously announced range of $4.175-$4.250 billion. The Company also expects operating profit and EBITDA to meet the high end of its previously announced range of $265 - $280 million and $385-$400 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $2.80, revenue of $4.2 billion, EBIT of $275 for fiscal 2013.