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Harris Revenue Up in Q3

Harris Revenue Up in Q3

Orders for digital radio products from Clear Channel and CBS helped Harris to an increase in broadcast revenue in its third quarter.
The company said revenue in its Broadcast Communications segment, which includes radio and TV, was $143.1 million in the third quarter, compared to $103.2 million in the same period last year. Though revenue benefited from the acquisition of Leitch Technology, Harris said broadcast revenue also was up over the second quarter of this year.
The company said it also has improved its margin performance through cost reductions and selling higher-margin digital products.
The parent company reported that Harris Corp. revenue in the third quarter was up 14 percent to $881 million.