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Harris Corp Issues Q3 2013 Guidance Below Analysts' Estimates; Lowers FY 2013 Guidance


Thursday, 11 Apr 2013 04:20pm EDT 

Harris Corp announced that for the third quarter of 2013, it expects income from continuing operations to be approximately $1.12 per diluted share and revenue to be approximately $1.20 billion. For fiscal 2013, it expects income from continuing operations to reduced from a previous range of $5.00 to $5.20 per diluted share to a range of $4.60 to $4.70, excluding charges related to restructuring and other actions ($3.95 to $4.33 per diluted share on a GAAP basis) and revenue is expected to decline 6% to 7% compared to fiscal 2012. The Company reported revenue of $5.451 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.26 on revenue of $1.32 billion for the third quarter of 2013; EPS of $5.03 on revenue of $5.26 billion for fiscal 2013. 

Company Quote

69.87
-0.38 -0.54%
19 Sep 2014