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Harris Posts Higher Third Quarter Earnings, Tops Estimates

Cal Biesecker By
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Harris Posts Higher Third Quarter Earnings, Tops Estimates
Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

Harris Corp. [HRS] on Tuesday reported a big jump in its third quarter earnings and sales, which were driven by the acquisition of Exelis last year.Net income rose 33 percent to $168 million, $1.34 earnings per share (EPS), from $126 million ($1.20 EPS) a year ago. Excluding results from discontinued operations and $12 million in costs associated with the acquisition of Exelis in the fourth quarter a year ago, adjusted income from continuing operations was $182 million ($1.45 EPS), which…

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