Harris Corp. Bottom Line Climbs 30% In Q1

(RTTNews) - Harris Corp. (HRS) revealed earnings for its first quarter that advanced from last year.

The company said its bottom line came in at $163 million, or $1.31 per share. This was up from $125 million, or $1.18 per share, in last year's first quarter.

Analysts had expected the company to earn $1.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 56.0% to $1.81 billion. This was up from $1.16 billion last year.

Harris Corp. earnings at a glance:

-Earnings (Q1): $163 Mln. vs. $125 Mln. last year. -Earnings Growth (Y-o-Y): 30.4% -EPS (Q1): $1.31 vs. $1.18 last year. -EPS Growth (Y-o-Y): 11.0% -Analysts Estimate: $1.31 -Revenue (Q1): $1.81 Bln vs. $1.16 Bln last year. -Revenue Change (Y-o-Y): 56.0%

-Guidance: Full year EPS guidance: $5.60 - $5.80 Full year revenue guidance: $7.67 - $7.83 Bln