Harris Corp. (HRS) Tops Q4 EPS by 2c, Beats on Revenues; Offers FY19 Guidance
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Harris Corporation Reports Strong Fourth Quarter and Fiscal 2018 Results...Well Positioned to Accelerate Growth
July 31, 2018 6:30 AM EDT4Q18 revenue up 8% to $1.7 billion; orders up 18%; book-to-bill 1.1 4Q18 GAAP EPS from continuing operations up 29% to $1.74; non-GAAP1 up 19% to $1.78 FY18 revenue up 5%; orders up 23%; book-to-bill 1.2 FY18 GAAP EPS from continuing operations up 16% to $5.94; non-GAAP up 18% to $6.50 FY18 operating cash flow, adjusted operating cash flow2 and adjusted free cash flow2 of $751 million, $1,051 million and $915 million, respectively Initiated FY19 guidance:3 EPS from continuing operations of $7.65 - $7.85;... More
