Harris Corporation (HRS) Tops Q1 EPS by 8c

Harris Corporation (NYSE: HRS) reported Q1 EPS of $1.18, $0.08 better than the analyst estimate of $1.10. Revenue for the quarter came in at $1.16 billion versus the consensus estimate of $1.15 billion.

“First quarter results reflected strong revenue and orders growth in Government Communications Systems and in RF Communications’ international tactical radio business,” said William M. Brown, chairman, president and chief executive officer. “Operating performance was solid and resulted from lowering costs through operational excellence initiatives, focusing on program execution, and providing the marketplace with innovative solutions.”

Harris reiterated its fiscal 2015 guidance for income from continuing operations in a range of $4.75 to $5.00 per diluted share and for revenue declining 1 to 3 percent compared with the prior year.

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

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