Harman Reported Mixed Q4 Results, Top Line Up 21%

August 11, 2011

Harman (NYSE:HAR) reported Q4 EPS of $0.34, ex-items, missing consensus estimates of $0.45 per share. Revenues for the quarter rose 21.2% year-over-year to $1.03 billion, ahead of consensus estimates of $0.96 billion.Harman International Industries has a potential upside of 112% based on a current price of $27.83 and an average consensus analyst price target of $59.Harman International Industries is currently below its 50-day moving average (MA) of $43.64 and below its 200-day MA of $45.35.