Harris Corp. (HRS) Reports In-Line Q4 EPS, Offers FY18 Guidance
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Harris Corporation Reports Solid Fiscal 2017 Fourth Quarter and Full Fiscal Year Results as It Looks to Return to Growth in Fiscal 2018
August 1, 2017 6:30 AM EDT4Q17 EPS from continuing operations $1.35 GAAP, up 19%; $1.49 non-GAAP, up 15% FY17 EPS from continuing operations $5.12 GAAP, up 5%; $5.53 non-GAAP, up 8% 4Q17 revenue up 1%; FY17 revenue better than expected FY17 operating cash flow $569 million; excluding $400 million voluntary pension contribution, adjusted operating cash flow $969 million and free cash flow $850 million Initiated FY18 guidance: EPS from continuing operations of $5.85-$6.05; revenue up 2-4%; free cash flow of $850-900 million
MELBOURNE, Fla.--(BUSINESS WIRE)-- Harris Corporation (NYSE:... More
