Harris Corp. Q4 Profit Climbs 24%

(RTTNews) - Harris Corp. (HRS) released earnings for its fourth quarter that climbed compared to the same period last year.

The company said its bottom line totaled $183 million, or $1.45 per share. This was higher than $148 million, or $1.32 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.4% to $1.90 billion. This was up from $1.54 billion last year.

Harris Corp. earnings at a glance:

-Earnings (Q4): $183 Mln. vs. $148 Mln. last year. -Earnings Growth (Y-o-Y): 23.6% -EPS (Q4): $1.45 vs. $1.32 last year. -EPS Growth (Y-o-Y): 9.8% -Analysts Estimate: $1.44 -Revenue (Q4): $1.90 Bln vs. $1.54 Bln last year. -Revenue Change (Y-o-Y): 23.4%

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