Harris Corp. (HRS) Tops Q3 EPS by 7c
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Harris Corporation Reports Fiscal 2015 Third Quarter Results In Line With Preliminary Third Quarter Estimates
May 5, 2015 6:30 AM EDTMELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE: HRS) reported revenue in the third quarter of fiscal 2015 of $1.19 billion compared with $1.27 billion in the prior year. Income from continuing operations was $126 million, or $1.20 per diluted share on a GAAP basis and $139 million, or $1.32 per diluted share on a non-GAAP basis, excluding acquisition-related costs. In the prior year, GAAP income from continuing operations was $137 million, or $1.27 per diluted share. Orders in the third quarter were $1.21 billion compared with $1.11 billion in the prior year. The company generated strong free cash flow (net cash provided by operating activities... More
