Harris Corp. (HRS) Reports In-Line Q4 EPS; Announces $1B Buyback; Raises FY11 Outlook

August 2, 2011 4:05 PM EDT
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Price: $189.13 --0%

Financial Fact:
Interest expense: -44M

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SVBT, ZEO, OTLK, More
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Harris Corp. (NYSE: HRS) reported Q4 EPS of $1.24, in-line with the analyst estimate of $1.24. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.64 billion.

Announces $1 billion buyback.

Harris Corp. sees FY2012 EPS of $5.10-$5.30, versus prior guidance of $5.10-$5.20 and the consensus of $5.16. Harris Corp. sees FY2012 revenue of $6.15-$6.30 billion, versus the consensus of $6.38 billion.


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Earnings, Guidance, Stock Buybacks