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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