Harris: 3Q Earnings Snapshot
MELBOURNE, Fla. (AP) _ Harris Corp. (LHX) on Wednesday reported third-quarter earnings of $429 million.
On a per-share basis, the Melbourne, Florida-based company said it had net income of $1.90. Earnings, adjusted for one-time gains and costs, were $2.58 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.
The technology and communications company posted revenue of $4.43 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $4.45 billion.
Harris expects full-year earnings to be $10 per share, with revenue expected to be $18.1 billion.
Harris shares have climbed 51% since the beginning of the year. The stock has risen 38% in the last 12 months.