Harris Corporation HRS, based in Melbourne, FL, leading supplier of communications equipment and services. The company has brought about a transformation pertaining to communications and information technology.
The company has a healthy track record with respect to earnings. The company has delivered positive earnings surprises in each of the last four quarters, with an average beat of 9.13%.
Zacks Rank: Currently, Harris Corporation has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Harris Corporation’s adjusted earnings of $1.31 per share beat the Zacks Consensus Estimate of $1.28 per share.
Revenue: Revenues came in at $1.81 billion marginally short of the Zacks Consensus Estimate of $1.82 billion. Revenues improved 56% from the year-ago figure.
Key Stats: The company still expects earnings per share (on an adjusted basis) in fiscal 2016 in the band of $5.60 to $5.80. The Zacks Consensus Estimate for fiscal 2016 currently stands at $5.73 per share, well within the guidance range. The company still expects fiscal 2016 revenues in the band of $7.67 billion to $7.83 billion.
Check back later for our full write up on this Harris Corporation earnings report later!
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