UPDATE 2-Harman shares dive on margin comments, outlook

Newswire

* Q3 adj EPS $0.31 vs est $0.29 * To buy Brazil-based Eletronica Selenium S/A * FY 2013 EPS outlook largely below estimates * Shares fall 22 pct (Recasts, adds comments and updates share movement) BANGALORE, April 29 (Reuters) - Shares of audio products company Harman International Industries Inc plunged 22 percent after its bearish margin commentary and weak profit forecast for fiscal 2013. On a conference call with analysts, the company said it does not enjoy the same margins ...

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