Harris Corp. (HRS) Tops Q4 EPS by 1c
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Harris Corporation Reports Fiscal 2016 Fourth Quarter and Full Fiscal Year Results
August 2, 2016 6:30 AM EDT4Q16 EPS from continuing operations $1.29 GAAP; $1.45 non-GAAP
FY16 EPS from continuing operations $2.75 GAAP; $5.70 non-GAAP
Achieved FY16 synergy target of $85 million
Generated strong FY16 cash flow: $924 million net cash provided by
operating activities;
$772 million free cash flow
Initiated FY17 EPS guidance $5.53 - $5.73 GAAP; $5.70 - $5.90 non-GAAP
MELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE: HRS) reported revenue in the fourth quarter of fiscal 2016 of $1.90 billion compared with $1.53 billion in the prior year. GAAP income from continuing operations was $162 million, or $1.29 per diluted share,... More
