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UPDATE 1-Harman posts smaller-than-expected loss

* Q4 loss ex-items 45 cts/share vs Street view 60 cts

* Q4 revenue $667.7 mln vs Street view $669.3 mln

* Shares unchanged

SAN FRANCISCO, Aug 19 (Reuters) - Audio products company Harman International Industries Inc HAR.N reported a smaller-than-expected loss, as the company's cost-cutting program helped make up for a 37 percent slide in sales.

The company said it had a net loss of $62.4 million, or $1.05 a share, in its fiscal fourth quarter ended June 30, compared with a profit of $31.7 million, or 54 cents a share, in the year-ago period.

Excluding items, Harman’s loss was 45 cents a share, better than the average analyst estimate of 60 cents, according to Reuters Estimates.

Revenue fell 37 percent to $667.7 million, versus the average Wall Street estimate of $669.3 million.

Harman’s core business is in sales of equipment to the automotive industry, which has been hurt by the economic downturn.

Shares of Stamford, Connecticut-based Harman closed at $27.07 and were unchanged in extended trading. (Reporting by Gabriel Madway; editing by Carol Bishopric)

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