Harris Corporation Reaffirms FY 2012 Guidance

Harris Corporation reaffirmed fiscal 2012 guidance for non-GAAP net income for fiscal 2012 in the range of $5.10-$5.30 per diluted share ($4.92 to $5.12 per diluted share on a GAAP basis). Fiscal 2012 non-GAAP earnings guidance excludes acquisition related costs. Fiscal 2012 revenue is still expected to be in the range of $6.15 to $6.30 billion, which represents a year-over-year increase of about 4%-6% compared with fiscal 2011. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $6.183 billion for fiscal 2012.