Harman Profit Rises 11 Percent
Harman International Tuesday reported a $59 million profit, which represented an 11 percent gain over the same period last year. Sales, meanwhile, rose 18 percent.
The company attributed its performance largely to its overseas performance, especially in the Chinese market.
"We are earning trust with key stakeholders by delivering sound financial returns, by investing in bringing new innovation to market and by gaining share from our competitors," CEO Dinesh Paliwal said in a statement.