Harman International Turns To Profit In Q4 - Update

Audio and infotainment products maker Harman International Industries, Inc., Thursday reported a profit in the fourth quarter, compared to a loss in the prior year, helped by robust sales from its automotive and professional divisions and higher margins. Net income was $133.88 million or $1.89 per share, compared to a loss of $59.38 million or $1.09 per share in the same quarter a year ago.