Harris Corp. (HRS) announced after the close Thursday that third quarter income from continuing operations is expected to be approximately $1.12 per diluted share, while revenue is expected to be approximately $1.20 billion.
Fiscal 2013 guidance for income from continuing operations has been reduced from a previous range of $5.00 to $5.20 per diluted share to a range of $4.60 to $4.70. Revenue is now expected to decline 6 to 7 percent compared to the prior year.
Harris Corp. gapped open sharply lower Friday and is now down 2.23 at $44.33. The stock is trading near the lower end of a one-month range.
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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.