Harris Corp. (HRS) Tops Q4 EPS by 11c; Issues Light FY16 Revenue Outlook

Harris Corp. (NYSE: HRS) reported Q4 EPS of $1.32, $0.11 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.24 billion.

Orders in the fourth quarter were $1.53 billion compared with $1.09 billion in the prior year. Free cash flow (net cash provided by operating activities less capital expenditures) in the fourth quarter was $413 million compared with $334 million in the prior year.

Harris Corp. sees FY2016 EPS of $5.60-$5.80, versus the consensus of $5.76. Harris Corp. sees FY2016 revenue of $7.67-7.83 billion, versus the consensus of $7.98 billion.

For earnings history and earnings-related data on Harris Corp. (HRS) click here.

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