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Harris Reports Strong Second Quarter Results; Exploring Sale Of Night Vision Business

Cal Biesecker By
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Harris Reports Strong Second Quarter Results; Exploring Sale Of Night Vision Business
Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

Harris Corp. [HRS] on Tuesday posted strong second quarter results, continuing momentum from the first quarter, leading the company to increase its top and bottom line guidance for fiscal year 2019. Net income soared 72 percent to $225 million, $1.88 earnings per share (EPS), from $131 million ($1.08 EPS) a year ago. Total operating margin was 13.5 percent versus 8.5 percent a year ago. Excluding charges from a year a due to deferred tax assets and an adjustment for deferred…

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