Harris Corp. (HRS) Tops Q3 EPS by 6c
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Harris Corporation Reports Fiscal 2016 Third Quarter Results
May 3, 2016 6:30 AM EDTMELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE: HRS) reported revenue in the third quarter of fiscal 2016 of $1.91 billion, compared with $1.19 billion in the prior year. Income from continuing operations was $170 million, or $1.36 per diluted share, on a GAAP basis and $182 million, or $1.45 per diluted share, on a non-GAAP basis, excluding acquisition-related costs. 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. Third quarter results benefited from the acquisition of Exelis in... More
