Harman International Industries Inc (HAR) revealed a profit for its first quarter that increased compared to the same period last year.
The company said its bottom line came in at $107 million, or $1.48 per share. This was higher than $92 million, or $1.31 per share, in last year's first quarter.
Analysts had expected the company to earn $1.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 14.0% to $1.63 billion. This was up from $1.43 billion last year.
Harman International Industries Inc earnings at a glance:
-Earnings (Q1): $107 Mln. vs. $92 Mln. last year.
-Earnings Growth (Y-o-Y): 16.3%
-EPS (Q1): $1.48 vs. $1.31 last year.
-EPS Growth (Y-o-Y): 13.0%
-Analysts Estimate: $1.40
-Revenue (Q1): $1.63 Bln vs. $1.43 Bln last year.
-Revenue Change (Y-o-Y): 14.0%
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