logo
Share SHARE
FONT-SIZE Plus   Neg

Harris Q4 Profit Surges - Quick Facts

Harris Corp.'s (HRS) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Jeff Bezos, the CEO of Amazon, has overtaken Berkshire Hathaway's founder Warren Buffet to become the third-richest person in the world, according to the Bloomberg Billionaires Index. Bezos is now behind clothing retailer Zara's founder Amancio Ortega, who is now second, and Bill Gates, co-founder... The White House has announced new initiative to fight climate change, curb usage of fossil fuels and increase access to clean energy by pushing the use of electric vehicles. The Obama administration announced a series of actions from the Federal government, private sector, and states, as well as... Telecom giant Verizon Communications Inc. is reportedly very close to a deal to buy the core business of struggling internet company Yahoo Inc. Verizon has trumped out rival bidders and is close to acquire Yahoo's core internet business, reported Bloomberg News, citing people familiar with the matter. Verizon...
comments powered by Disqus
Follow RTT