Barclays Upgrades Harris Corp. (HRS) to Overweight

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Go back to Barclays Upgrades Harris Corp. (HRS) to Overweight

Harris Corporation Reports Fiscal 2015 Fourth Quarter Results

August 7, 2015 6:30 AM EDT

MELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE: HRS) reported fiscal 2015 fourth quarter results, which included results of Exelis Inc. following the May 29, 2015 acquisition closing date.

Revenue in the fourth quarter of fiscal 2015 was $1.53 billion, compared with $1.33 billion in the prior year. GAAP loss from continuing operations was $56 million, or $0.51 per diluted share. Non-GAAP income from continuing operations in the fourth quarter was $148 million, or $1.32 per diluted share, and excluded acquisition-related costs and charges for restructuring and other items. The net benefit from the Exelis acquisition to Harris non-GAAP income from continuing... More