Harris Corp.'s (HRS) fourth-quarter net income attributable to the company decreased to $129.1 million, from $133.5 million, while earnings per share grew to $1.13, from $1.06 per share in the year-ago quarter. GAAP income from continuing operations rose to $137 million, or $1.20 per share, from last year's $134 million, or $1.06 per share.
On a non-GAAP basis, quarterly income from continuing operations was $162 million, or $1.42 per share, higher than $156 million, or $1.24 per share, a year ago. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $1.41 for the quarter. Analysts' estimates typically exclude one-time items.
The company posted revenue from product sales and services of $1.44 billion, compared with $1.52 billion in the prior-year quarter. Analysts estimated revenues of $1.43 billion for the fourth quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.