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Harris: Fiscal 4Q Earnings Snapshot

July 31, 2019

MELBOURNE, Fla. (AP) _ Harris Corp. (LHX) on Wednesday reported fiscal fourth-quarter earnings of $268 million.

The Melbourne, Florida-based company said it had profit of $2.20 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.44 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.30 per share.

The technology and communications company posted revenue of $1.87 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.8 billion.

For the year, the company reported profit of $949 million, or $7.86 per share. Revenue was reported as $6.8 billion.

Harris shares have increased 48% since the beginning of the year. The stock has climbed 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LHX at https://www.zacks.com/ap/LHX

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