Your browser is out-of-date!

Update your browser to view this website correctly. Update my browser now


Harris Sees Improved Earnings Ahead

Harris Sees Improved Earnings Ahead

Harris Corp. thinks it will do better in earnings this fiscal year than earlier expected.
The company adjusted its earnings-per-share guidance to investors for the fiscal year that ends in July. It expects net income in the range of $1.85 to $1.95 per diluted share instead of $1.50 to $1.65 as previously estimated.
The company cites growth in its government communications systems and RF communications segments, as well as the effects of cost-cutting.
Harris also revealed preliminary results for the second quarter. Earnings are expected to be 50 cents per diluted share, compared to 25 cents a year earlier. Revenue in the quarter is expected to be $605 million, up from to $524 million in the prior Q2.