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Harris Corporation (HRS) Beats on Q3 Earnings

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 structures its operations around five operating divisions, which divisions have been organized on the basis of specific communications technology and markets.

Zacks Rank: Currently, Harris Corporation has a Zacks Rank #3 (Hold) 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 $1.45 per share in the third quarter of fiscal 2016 outpacing the Zacks Consensus Estimate of $1.40 per share.

Revenue: Revenues came in at $1.91 billion missing the Zacks Consensus Estimate of $1.93 billion. Revenues improved 60.8% from the year-ago figure.

Key Stats: The company now expects earnings per share (on an adjusted basis) in fiscal 2016 to be at $5.70 while revenue for the same period to be at $7.5 billion.

Check back later for our full write up on this Harris Corporation earnings report later!

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HARRIS CORP (HRS): Free Stock Analysis Report
 
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