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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This morning, Lowe's Companies Inc. (LOW) backed its fiscal 2009 sales and earnings guidance, provided on August 17. The company maintains its earnings expectations between $1.13 and $1.21 for the fiscal year ending January 29, 2010. Lowe’s expects total sales to decline about 3% from the previous year, while sales at established stores (same-store sales) are expected to decline between 7% and 9%. The company further stated that it might recognize impairments related to operating stores of up to $100 million during the second half due to uncertainty regarding an economic recovery. For fiscal 2010, the company expects earnings per share to lie between $1.24 and $1.34. Total sales are expected to increase approximately 3% to 4%, with a comparable-store sales increase of approximately 1%. As a reminder, Lowe's – the second biggest U.S. home improvement retailer behind Home Depot Inc (HD) – announced ...

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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A plea to lawmakers…give liquidation a chance!

U.S. stockowners got a break yesterday…the Dow rose 236 points. News reports tell us that investors were listening to Ben Bernanke. He’s speaking to Congress…intending to boost investor confidence. But we can’t find anything in Bernanke’s remarks that would give us much confidence.

In fact, consumer confidence is at a record low. And investors couldn’t have taken much comfort from the Fed chief. Bernanke said the economy would start to grow again in 2010…and then, only if the banking system is stabilized. Of course, Bernanke is talking nonsense. He doesn’t know when the economy will begin to grow in earnest again, and if it does begin to grow it won’t be because the banking system is stabilized. You can stabilize a comatose person. You can stabilize a battlefield. You can stabilize a ladder. But stabilizing a crummy bank won’t help the economy grow. For that

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To be fair to the good burghers of Dunedin (though I’m not feeling very charitable at this moment), they are not the only people in the world doing stupid things right now with other people’s money.

Sports stadiums seem to hypnotise local politicians. All around the world they lose their senses whenever a much-loved sports team asks for subsidies or grants for a fancy concrete and glass monument. In America the pressure is even greater because sports franchises there are mobile and threaten to jump to other cities if they don’t get their big toy. It happens too in Australia (the Telstra Dome in Melbourne and the ANZ Stadium in Sydney are both bankrupt) and Britain (Google “Wembley Stadium” and “delay” to find 44,800 links in 0.33 seconds for a laugh).

Dunedin City Council doesn’t even have the imminent threat of the Highlanders departing as an excuse. The Highlanders are unlikely to

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Harris Corp. (HRS) compares favorably to its industry. The company's net profit margin of 8.5% and return on equity (ROE) of 21% tops the industry averages of 2.7% and 5%, respectively. HRS also offers a dividend yield 2%, while most of its industry peers pay no income.

< ?DART(15);?> 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 over $5.3 billion and 16,500 employees - including nearly 7,000 engineers and scientists.

Quarterly results Signal Growth

In late October, the company posted first-quarter fiscal 2009 earnings and saw revenue rise 11% to $1.37 billion from $1.23 billion a year ago. Net income rose 19% to $119 million, or 88 cents per share, from $100 million, or 73 cents, in the first quarter of 2008. Analysts had expected

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BHP Billiton Ltd. (NYSE:BHP) is getting stronger, says Horacio Marquez, even as commodity prices slump. With its low costs and diversified operations, the natural resources producer is well positioned to ride out the credit crisis. And when commodity prices rebound next year, Horacio says BHP will lead the recovery. He recommends buying shares at today’s distressed prices, and holding for big long-term profits.

This from Money Morning:

With BHP Billiton Ltd. (NYSE:BHP), it’s a case of the strong getting stronger and possibly even running away from the pack.

Back in 2001, BHP Ltd. and Billiton PLC merged to form BHP Billiton Ltd., the world’s leading diversified resources group. And it never looked back.

Now, the lowest-cost natural-resources producer with the broadest portfolio of offerings, BHP superbly positioned itself to weather the current global downturn. Indeed, back in June the company reported its seventh-consecutive

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China Exports and Import Decline; Rio Guts 14,000 Jobs; Wells Fargo CEO Sees Housing Bottom; Orascom Lands North Korea Telecom Deal; Office Depot Shutters 112 Stores; JA Solar Cuts 4Q Estimates

China’s exports fell 2.2% and imports plummeted by 17.9% in November, pushing its trade surplus to a record $40.09 billion, Bloomberg reported. “The figures are horrifying,” Lu Zhengwei, chief economist at Industrial Bank Co. in Shanghai, said. “Plunging imports show that on top of faltering global demand, domestic demand is also shrinking as the economy cools.” Global mining leading Rio Tinto PLC (ADR: RTP) announced it would slash 14,000 jobs (or 13% of its workforce), sell more assets and halve its capital spending. “Drastic times call ...

The Feds try to reflate the world economy with $10 trillion but at what cost? As predicted in this space, the November payrolls were down a lot more than expected. Economists thought there would be 350,000 layoffs. Instead, the actual number was 200,000 more.

But US investors shrugged off the employment news. The rally continued…it has gone on for a month. The Dow rose again yesterday; this time it was up 298 points to 8,934. If the rally retraces 50% of the losses, it will make it all the way to 11,000. So, this trend probably has a way to go.

Oil rose too – back up to $43. And gold shot up $17 to $769.

Commodities, stocks, precious metals – almost everything was up yesterday.

One important exception: treasury bonds. The yield on ten-year T-notes rose to 2.76%…leading Bloomberg to report:

“Treasuries fall as US to sell more securities than expected.”

Watch those Treasury yields.

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