Harris Corp. Reiterates 2016 Guidance

(RTTNews) - Harris Corp. (HRS) reiterated its guidance for fiscal 2016 GAAP net income in a range of $5.25-$5.45 per share and non-GAAP net income, excluding acquisition-related costs, in a range of $5.60-$5.80 per share. The company noted that its GAAP net income guidance could change as a result of any further actions related to the Exelis acquisition.

Analysts polled by Thomson Reuters expect the company to report profit per share of $5.72 for 2016. Analysts' estimates typically exclude special items.

The company's guidance for fiscal 2016 revenue is unchanged in a range of $7.67-$7.83 billion. Analysts expect revenue of $7.73 billion for 2016.