Harman International (HAR) Tops Q4 EPS by 5c

Harman International (NYSE: HAR) reported Q4 EPS of $1.37, $0.05 better than the analyst estimate of $1.32. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.56 billion.

Dinesh C. Paliwal, the Company’s Chairman, President and CEO, said “In fiscal 2015, we delivered record revenue, EBITDA and earnings per share. Over the last two years, HARMAN has achieved outstanding growth, adding nearly $2 billion of revenue and increasing non-GAAP earnings per share by 86 percent.”

Paliwal continued, “With the introduction of industry first innovations in audio, system solutions, and embedded infotainment, particularly in the areas of cybersecurity and driver safety, we continue to deliver superior offerings for our customers. HARMAN is well positioned to capitalize on the increasing demand for the connected car, connected enterprise and connected lifestyle. In 2015, we further diversified our portfolio through strategic acquisitions, thereby strengthening our software capabilities and scaling connected services to fully address the opportunities presented at the intersection of cloud, mobility and analytics.”

For earnings history and earnings-related data on Harman International (HAR) click here.

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