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	<title>Stock Blog Hub &#187; ROFO</title>
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		<title>(HAR) Harman International Industries Misses Fourth Quarter Estimates</title>
		<link>http://www.stockbloghub.com/2011/08/14/har-harman-international-industries-misses-fourth-quarter-estimates/81230</link>
		<comments>http://www.stockbloghub.com/2011/08/14/har-harman-international-industries-misses-fourth-quarter-estimates/81230#comments</comments>
		<pubDate>Sun, 14 Aug 2011 17:40:24 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Electronic Equipment]]></category>
		<category><![CDATA[HAR]]></category>
		<category><![CDATA[Harman International Industries Inc]]></category>
		<category><![CDATA[Panasonic Corporation]]></category>
		<category><![CDATA[PC]]></category>
		<category><![CDATA[Rockford Corporation]]></category>
		<category><![CDATA[ROFO]]></category>
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		<category><![CDATA[Sony Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=81230</guid>
		<description><![CDATA[A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) reported fourth quarter 2011 earnings of 34 cents per share, which substantively missed the Zacks Consensus Estimate of 52 cents by 18 cents. Earnings per share (EPS) increased 13.3% year over year from 30 cents reported in the prior-year quarter. Operating Performance Gross profit increased 10.3% year over year to $247.0 million. However, gross margin declined 240 basis points (bps) to 23.9% in the quarter. The gross margin was primarily dragged down by the declining gross margin in the Automotive division, which fully offset the margin growth in the Consumer and Professional divisions. The Automotive division gross margin decreased 360 bps to 20.1% in the fourth quarter. The tsunami and earthquake that struck Japan in March 2011 ]]></description>
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		<title>(HAR) Harman International Industries Receives Additional Contract</title>
		<link>http://www.stockbloghub.com/2011/04/14/har-harman-international-industries-receives-additional-contract/71577</link>
		<comments>http://www.stockbloghub.com/2011/04/14/har-harman-international-industries-receives-additional-contract/71577#comments</comments>
		<pubDate>Thu, 14 Apr 2011 16:22:42 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
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		<category><![CDATA[HAR]]></category>
		<category><![CDATA[Harman International Industries Inc]]></category>
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		<category><![CDATA[Toyota Motor Corporation]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=71577</guid>
		<description><![CDATA[A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced that it has won an additional contract from Volkswagen AG (VLKAY) to provide premium high infotainment solutions for Volkswagen Group brands including Audi, SEAT, Skoda and Volkswagen for Asian markets beginning 2013. Previously, in the second quarter of 2011 (ended December 31, 2010), Harman received a $1.2 billion contract from Volkswagen Group to provide high infotainment solutions for the Group’s vehicles in the U.S and European markets. Including the recent contract, total order value from Volkswagen Group amounts to $1.6 billion. Harman will deploy its new multimedia-driven system in the above-mentioned vehicles, which offer dynamic navigation, brilliant graphics and internet access. An embedded flash memory will provide dynamic navigation data for current access to routes and ]]></description>
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		<title>(HAR) Harman International Industries Unveils New JBL Speakers</title>
		<link>http://www.stockbloghub.com/2011/04/12/har-harman-international-industries-unveils-new-jbl-speakers/71179</link>
		<comments>http://www.stockbloghub.com/2011/04/12/har-harman-international-industries-unveils-new-jbl-speakers/71179#comments</comments>
		<pubDate>Tue, 12 Apr 2011 20:29:38 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
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		<description><![CDATA[A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) recently launched its new JBL Cinema 300 and Cinema 500 speaker systems. JBL Cinema 300 and 500 are 5.1 home theatre systems ideal for watching movies at home. JBL Cinema 300 and Cinema 500 are available for $499 and $699, respectively. The systems feature JBL Weave aesthetic styling and two PolyPlas cones in the center channel. The four identical satellites are voice matched with the center, creating a theatre-like ambience in the room. The 500 series features an additional dual 3-inch (75mm) PolyPlas cone, which enhances the movie watching experience. The Cinema series possesses a 150-watt powered subwoofer along with a fast-moving 8-inch (200mm) woofer that improves sound clarity by pushing sound waves down to the floor, ]]></description>
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		<title>(HAR) Harman International Industries Reports Strong Second Quarter Earnings</title>
		<link>http://www.stockbloghub.com/2011/02/07/har-harman-international-industries-reports-strong-second-quarter-earnings/66406</link>
		<comments>http://www.stockbloghub.com/2011/02/07/har-harman-international-industries-reports-strong-second-quarter-earnings/66406#comments</comments>
		<pubDate>Mon, 07 Feb 2011 17:09:18 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
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		<category><![CDATA[Harman International Industries Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=66406</guid>
		<description><![CDATA[Harman International Industries Inc. (HAR), a developer of audio products and electronic systems, reported strong second quarter 2011 earnings, comprehensively beating the Zacks Consensus Estimate of 52 cents, by 27 cents. Harman achieved impressive growth during the second quarter, primarily due to strong operating margin growth and stringent cost control. Operating Performance Pro forma earnings per share of 79 cents soared 118.4% year over year in the quarter. Net income was $56.3 million, up 120.3% year over year, with net margin expanding 310 basis points (bps) to 5.9% in the quarter. Gross profit increased 6.0% year over year to $271.0 million, with gross margin expanding 90 bps to 28.3% in the second quarter of 2011. This growth was primarily driven by improved productivity and new product launches. Segment wise, Automotive ]]></description>
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		<title>(HAR) Harman International Industries Reports Strong First Quarter</title>
		<link>http://www.stockbloghub.com/2010/11/07/har-harman-international-industries-reports-strong-first-quarter/57988</link>
		<comments>http://www.stockbloghub.com/2010/11/07/har-harman-international-industries-reports-strong-first-quarter/57988#comments</comments>
		<pubDate>Sun, 07 Nov 2010 20:25:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
		<category><![CDATA[Electronic Equipment]]></category>
		<category><![CDATA[HAR]]></category>
		<category><![CDATA[Harman International Industries Inc]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=57988</guid>
		<description><![CDATA[A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced first quarter 2011 results. Earnings on a non-GAAP basis were 35 cents, well above the Zacks Consensus Estimate of 27 cents. Harman reported strong earnings growth in the first quarter 2011, compared with a loss of 8 cents in the prior-year quarter based on strong revenue growth and stringent cost control. Revenue Revenues increased 12.0% year over year to $837.0 million. This was well above the Zacks Consensus Estimate of $810.0 million. Excluding foreign currency fluctuations, revenues increased 19.0% year over year in the quarter. The strong top-line growth was primarily driven by higher demand for Harman’s products. Harman achieved significant growth across all its sectors. Automotive sales increased 12.0% year over year (20.0% excluding foreign ]]></description>
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		<title>(MCO) Moody&#8217;s Raises Harman International Industries&#8217; Credit Rating</title>
		<link>http://www.stockbloghub.com/2010/10/04/mco-moodys-raises-harman-international-industries-credit-rating/53956</link>
		<comments>http://www.stockbloghub.com/2010/10/04/mco-moodys-raises-harman-international-industries-credit-rating/53956#comments</comments>
		<pubDate>Mon, 04 Oct 2010 14:39:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Credit Services]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=53956</guid>
		<description><![CDATA[Moody&#8217;s Investors Service, a subsidiary of Moody&#8217;s Corp. (MCO) raised its rating of ‘Ba2,’ a non-investment grade rating or junk status to B1, a non-investment grade rating or junk status for Harman International Industries Inc. (HAR), according to the Associated Press (AP). Harman is an international audio and infotainment equipment company. The company designs, manufactures and markets audio and infotainment products for cars, residences, theatres, as well as electronics for audio professionals. The rating was raised 2 notches on the basis of Harman’s incremental improvement in credit and free cash flow since 2009. As of June 30, 2010, cash and short-term investments were $646.0 million as compared with $424.0 million as of March 31, 2010. Moody’s also cited that automotive production has begun to recover from the crisis faced during ]]></description>
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		<title>(HAR) Harman International Industries Reports 2010 Fourth Quarter Profits but Misses</title>
		<link>http://www.stockbloghub.com/2010/08/06/har-harman-international-industries-reports-2010-fourth-quarter-profits-but-misses/47096</link>
		<comments>http://www.stockbloghub.com/2010/08/06/har-harman-international-industries-reports-2010-fourth-quarter-profits-but-misses/47096#comments</comments>
		<pubDate>Sat, 07 Aug 2010 00:49:17 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Consumer Goods]]></category>
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		<category><![CDATA[HAR]]></category>
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		<category><![CDATA[Jabil Circuit Inc.]]></category>
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		<guid isPermaLink="false">http://www.stockbloghub.com/?p=47096</guid>
		<description><![CDATA[A developer of audio products and electronic systems, Harman International Industries Inc. (HAR) announced fourth quarter 2010 results. Earnings on a non-GAAP basis were a profit of 30 cents, significantly up from the loss of 43 cents record a year-earlier. However, earnings were two cents below the Zacks Consensus Estimate of 32 cents per share. For fiscal 2010, earnings increased to 85 cents as compared with a loss of $1.23 cents in fiscal 2009. Results improved for both the fourth quarter and fiscal year due to strong sales across all segments, gross margin expansion and higher cost savings. Revenues Revenues increased 29.0% year over year to $851.0 million in the quarter. This was in sync with the Zacks Consensus Estimate. Excluding foreign currency fluctuations, revenues increased 35.0% year over year ]]></description>
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