Harris Corp. (HRS) Tops Q2 EPS by 5c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus

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Go back to Harris Corp. (HRS) Tops Q2 EPS by 5c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus

Harris Corporation Reports Strong Fiscal 2019 Second Quarter Results With Revenue Growth and Margin Expansion Across All Segments

January 29, 2019 6:00 AM EST

2Q19 revenue up 9% to $1.7 billion; orders up 27%; book-to-bill of 1.06 2Q19 GAAP EPS from continuing operations up 74% to $1.88; non-GAAP1 up 19% to $1.96 1H19 revenue up 9% to $3.2 billion; GAAP EPS from continuing operations up 50% to $3.66; non-GAAP1 up 24% to $3.74 1H19 operating cash flow up 26% to $469 million; adjusted free cash flow1 up 24% to $409 million Increased revenue, non-GAAP EPS1 and adjusted free cash flow1 guidance for fiscal 2019

MELBOURNE, Fla.--(BUSINESS WIRE)--... More