Harris Corp. (HRS) Tops Q3 EPS by 7c; Narrows Outlook

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Go back to Harris Corp. (HRS) Tops Q3 EPS by 7c; Narrows Outlook

Harris Corporation Reports Fiscal 2017 Third Quarter Results

May 3, 2017 6:30 AM EDT

3Q17 EPS from continuing operations $1.31 GAAP, up 4%; $1.38 non-GAAP, up 2% 3Q17 operating cash flow $194 million; free cash flow $164 million Completed sale of government IT services business for $690 million in April 2017 Current and prior period results reflect government IT services as discontinued operations Narrowed fiscal 2017 guidance GAAP EPS from continuing operations of $5.20 to $5.25, non-GAAP EPS of $5.50 to $5.55; revenue down ~1%; free cash flow unchanged at ~$800 million

MELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE:... More