Harris Corp. (HRS) Tops Q3 EPS by 4c; Narrows Outlook
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Harris Corporation Reports Strong Fiscal 2018 Third Quarter Results with Revenue and Orders Growth Across All Segments
May 2, 2018 6:30 AM EDT3Q18 revenue up 5% to $1.6 billion; orders up 27%; book-to-bill 1.2 3Q18 EPS from continuing operations up 27% to $1.67 GAAP; up 21% to $1.67 non-GAAP1 YTD18 revenue up 4%; EPS from continuing operations up 11% GAAP and up 17% non-GAAP; book-to-bill 1.2 YTD18 operating cash flow $230 million; excluding $300 million voluntary pension contribution, adjusted operating cash flow and free cash flow up $41 million to $530 million and $451 million, respectively Narrowed fiscal 2018 revenue and EPS guidance to high end of prior range revenue up ~4%; EPS from continuing operations $5.93 - $5.98 GAAP, $6.45 - $6.50... More
