Harman International Industries Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Harman International Industries Inc./DE/ (NYSE:HAR) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Harman International Industries is a global audio equipment company. It is engaged in the design, development, manufacturing and marketing of high-quality audio products. It also offers electronic systems for vehicle applications.

Harman International Industries Inc./DE/ Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 87 cents per share, a rise of 4.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.05. Between one and three months ago, the average estimate moved down. It also has dropped from 88 cents during the last month. Analysts are projecting profit to rise by 16.4% versus last year to $3.41.

Past Earnings Performance: Last quarter, the company saw profit of 79 cents per share versus a mean estimate of net income of 79 cents per share. This comes after two consecutive quarters of exceeding expectations.

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A Look Back: In the first quarter, profit rose 12.8% to $54.6 million (79 cents a share) from $48.4 million (67 cents a share) the year earlier, meeting analyst expectations. Revenue fell 5% to $998.2 million from $1.05 billion.

Here’s how Harman International Industries traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: