Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Harris Q4 Profit Surges - Quick Facts

RELATED NEWS
Trade HRS now with 

Harris Corp.'s (HRS: Quote) fourth-quarter net income attributable to the company jumped to $131.4 million or $1.22 per share from $55.5 million or $0.51 per share, last year.

The company's GAAP income from continuing operations totaled $138 million, or $1.28 per share, versus $71 million, or $0.65 per share, a year ago. Prior year non-GAAP income from continuing operations, excluding charges related to restructuring and other actions, was $154 million, or $1.41 per share. On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.28 for the quarter. Analysts' estimates typically exclude one-time items.

The firm clocked $1.33 billion in revenue for the latest quarter, compared with the prior-year figure of $1.36 billion, while 9 analysts estimated revenues of $1.30 billion.

For fiscal 2015, the company's initial guidance for GAAP income from continuing operations is in a range of $4.75 to $5.00 per share. Revenue guidance for fiscal 2015 is a range of 1 to 3 percent lower compared with fiscal 2014.

Click here to receive FREE breaking news email alerts for Harris Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Toyota Motor Corp. (TM, TYT.L) Thursday announced 1.1 percent decline in worldwide production for October, as there was a sharp decline in production of passenger cars in Japan. Production outside Japan improved 2.3 percent. In a separate announcement, the Japanese automaker said it will recall more... Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.