Harris Corp. (HRS) Tops Q1 EPS by 4c, Miss on Revenues; Reiterates FY18 EPS/Revenue Guidance

Harris Corp. (NYSE: HRS) reported Q1 EPS of $1.38, $0.04 better than the analyst estimate of $1.34. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.44 billion.

• EPS from continuing operations up 19%, 8% versus non-GAAP, on flat revenue
• Orders of $2.3 billion; book-to-bill of 1.6
• Operating cash flow $95 million; free cash flow $72 million
• Reiterated FY18 revenue, EPS and free cash flow guidance

GUIDANCE:

Harris Corp. sees FY2018 EPS of $5.85-$6.05, versus the consensus of $6.01. Harris Corp. sees FY2018 revenue of $6.02-6.14 billion, versus the consensus of $6.08 billion.

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

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