Harman International Industries Earnings: Everything You Must Know Now

Harman International Industries Inc. (NYSE:HAR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Harman International Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 35.82% to $0.91 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Rose 8.36% to $1.18 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Harman International Industries Inc. reported adjusted EPS income of $0.91 per share. By that measure, the company beat the mean analyst estimate of $0.86. It beat the average revenue estimate of $1.14 billion.

Quoting Management: Dinesh C. Paliwal, the Company’s Chairman, President and CEO, said, “I am pleased that all three of our divisions reported top line growth in the quarter, which resulted in stronger bottom line performance. We had a phenomenal year for innovation, adding nearly 500 patents and patents pending bringing our intellectual property portfolio to nearly 5,000. At the same time, we continued to take actions to lower the cost base to improve both our short and long term profitability. Positive momentum in all three of our divisions, combined with a more competitive cost structure and world class innovation, positions us well as we begin fiscal 2014.”

Key Stats (on next page)…

Revenue increased 11.32% from $1.06 billion in the previous quarter. EPS increased 15.19% from $0.79 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.86 to a profit $0.87. For the current year, the average estimate has moved up from a profit of $3 to a profit of $3.02 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , , ,  

More from The Cheat Sheet