Harris Profits Top, Sales Miss On Government Spending
Harris Corp. (HRS) reported first-quarter earnings above estimates on Monday, but sales missed as government spending fell. The maker of communications equipment for military, government and commercial clients said Q1 EPS rose 7.5% to $1.14, beating Wall Street analyst estimates by 2 cents. Revenue dipped 13.7% to $1.26 billion, under estimates of $1.3 billion. "Harris first quarter results were solid in a challenging government spending
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