Harris Corp.'s (HRS: Quote) 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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by RTT Staff Writer
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