Harman (HAR) Rallying Amid Inline Q1 Loss, Revs Beat
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Last night, Harman International Industries Inc. (NYSE: HAR) reported a Q1 loss of $0.05, inline with the analyst estimate of ($0.05). Revenue for the quarter was $757 million, which compares to the estimate of $745.61 million.
Traders are cheering the results this morning, bidding up shares of Harman by more than 18% to around $39.18.
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