Harris Corp. Profit Climbs 7% In Q1

(RTTNews) - Harris Corp. (HRS) announced earnings for its first quarter that gained ground from last year.

The company said its bottom line climbed to $175 million, or $1.39 per share. This was higher than $163 million, or $1.31 per share, in last year's first quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.3% to $1.75 billion. This was down from $1.81 billion last year.

Harris Corp. earnings at a glance:

-Earnings (Q1): $175 Mln. vs. $163 Mln. last year. -Earnings Growth (Y-o-Y): 7.4% -EPS (Q1): $1.39 vs. $1.31 last year. -EPS Growth (Y-o-Y): 6.1% -Analysts Estimate: $1.34 -Revenue (Q1): $1.75 Bln vs. $1.81 Bln last year. -Revenue Change (Y-o-Y): -3.3%

-Guidance: Full year EPS guidance: $5.70 - $5.90 Full year revenue guidance: $7.11 - $7.33Bln