Harris Corp. (HRS) reported that its third-quarter net income from continuing operations decreased to $124.6 million or $1.12 per share from $154.4 million or $1.38 per share last year. Net income attributable to Harris was $94.8 million or $0.85 per share, compared to a loss of $353.2 million or $3.13 per share last year.
Revenue from product sales and services were $1.20 billion, compared to $1.37 billion last year.
On average, ten analysts polled by Thomson Reuters expected the company to report profit of $1.12 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $1.21 billion for the quarter.
The company reiterated its guidance for fiscal 2013 adjusted income from continuing operations in a range of $4.60 to $4.70 per share, and GAAP profit per share in the range of $3.95 to $4.33. Analysts expect the company to report fiscal 2013 profit per share of $4.65.
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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.