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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