Reuters logo
Harman posts higher quarterly revenue
August 6, 2013 / 12:16 PM / in 4 years

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.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below