28.10.2014 11:47:00

Harris Q1 Profit Rises - Quick Facts

(RTTNews) - Harris Corp. (HRS) posted first-quarter net income attributable to the company of $125.1 million, compared to $125.8 million last year. Earnings per share for the latest first quarter rose to $1.18 from $1.16 in the prior year period.

The company's GAAP income from continuing operations totaled $125.1 million, down from $127.4 million in the year-ago period. Earnings were $1.18 per share, same as last year. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $1.09 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked $1.16 billion in revenue for the latest quarter, compared with the prior-year figure of $1.19 billion, while 7 analysts estimated revenues of $1.15 billion.

For fiscal 2015, the company continues to expect GAAP income from continuing operations to be in the range of $4.75 to $5.00 per share and revenue in a range of 1 to 3 percent lower compared with fiscal 2014. Analysts now expect earnings of $4.85 per share for fiscal 2015.

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