trending Market Intelligence /marketintelligence/en/news-insights/trending/aMm-7cLWc0rzA2JiKya67g2 content esgSubNav
In This List

Harris Corp. fiscal Q2 profit climbs 47.1% YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Harris Corp. fiscal Q2 profit climbs 47.1% YOY

Harris Corp. said its normalized net income for the fiscal second quarter ended Jan. 1 came to $1.40 per share, compared with the S&P Capital IQ consensus estimate of $1.36 per share.

EPS rose 24.6% year over year from $1.13.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $173.8 million, a gain of 47.1% from $118.1 million in the year-earlier period.

Total revenue increased 52.8% year over year to $1.84 billion from $1.21 billion, and total operating expenses rose 52.6% year over year to $1.52 billion from $996.0 million.

Reported net income came to a loss of $134.9 million, or a loss of $1.09 per share, compared with income of $138.5 million, or $1.32 per share, in the year-earlier period.