Harris Corp. Reveals 35% Rise In Q2 Profit

(RTTNews) - Harris Corp. (HRS) reported earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $187 million, or $1.49 per share. This was up from $139 million, or $1.32 per share, in last year's second quarter.

Analysts had expected the company to earn $1.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 52.1% to $1.84 billion. This was up from $1.21 billion last year.

Harris Corp. earnings at a glance:

-Earnings (Q2): $187 Mln. vs. $139 Mln. last year. -Earnings Growth (Y-o-Y): 34.5% -EPS (Q2): $1.49 vs. $1.32 last year. -EPS Growth (Y-o-Y): 12.9% -Analysts Estimate: $1.36 -Revenue (Q2): $1.84 Bln vs. $1.21 Bln last year. -Revenue Change (Y-o-Y): 52.1%

-Guidance: Full year EPS guidance: $5.70 - $5.80 Full year revenue guidance: $7.60 - $7.68 Bln