Harman International profit beats estimates, raises forecast

(Reuters) - Audio systems maker Harman International Industries Inc, which owns brands such as JBL and Harman Kardon, reported a third-quarter profit above expectations and raised its earnings forecast for the year ending June 30. The company now expects fiscal-year earnings of $3 per share, up from its previous forecast of $2.70 to $2.90 per share. Harman also said revenue for the period was likely to be in the upper half of its forecast range of $4.18 to $4.25 billion. Third-quarter revenue fell 3 percent to $1.06 billion, in line with analysts' expectations. ...



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