July 31, 2012 / 11:16 AM / 5 years ago

Harris posts lower quarterly profit

1 Min Read

July 31 (Reuters) - Harris Corp, a maker of tactical radios used by the military, reported a lower quarterly profit on Tuesday as revenue fell.

Net income was $129.1 million, or $1.13 a share, in the fiscal fourth quarter ended June 29, compared with $133.5 million, or $1.06 a share, a year earlier. There were fewer shares outstanding in the most recent quarter.

Quarterly revenue fell to $1.44 billion from $1.52 billion a year earlier.

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