Harris Corporation (HRS) recently posted fiscal first-quarter earnings of 83 cents per share, topping the Zacks Consensus Estimate by 9%. The company also hiked its earnings guidance and analysts followed suit.

Company Description

Harris is an international communications and information technology company serving government, defense and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has annual revenue of approximately $5 billion and more than 15,000 employees - including nearly 7,000 engineers and scientists.

A Solid First Quarter

The company recently posted fiscal first-quarter earnings of 83 cents per share, topping the Zacks Consensus Estimate by 9%. Revenue climbed from last year's $1.17 billion to $1.20 billion.

Management said new orders, revenue and earnings exceeded expectations in the first quarter as a result of strong performance in both the RF Communications and Government Communications Systems segments.

Higher Forecasts

The company also hiked its fiscal year earnings guidance to

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HRS, Harris Corp.

HRAL, HearAtLast Holdings Inc, HRAL.PK

 

DrStockPick Watch List!

 

DrStockPick Watch List! for Thursday August 13, 2009

 

My Picks for Thursday August 13, 2009 are:

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HRS, Harris Corp.

HRS together with its subsidiaries, operates as a communications and information technology company that serves government and commercial markets worldwide.

HRS operates in four segments: Defense Communications and Electronics, Government Communications Systems, Broadcast Communications, and Harris Stratex Networks.

Headquartered in Melbourne, Florida, HRS has approximately $5 billion of annual revenue and 15,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services.

**Today, after Closing Bell, HRS reported better-than-expected quarterly results.

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