This Underappreciated Defense Stock Is Hitting Its Stride [The Motley Fool]
HARRIS (HRS)
Last harris earnings: 5/1 06:30 am
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Source: The Motley Fool
This Underappreciated Defense Stock Is Hitting Its Stride It's going to be a big year for Harris Corp. ( NYSE:HRS a $ billion deal Harris reported adjusted earnings per share of $.9 for its fiscal second quarter, beating the consensus estimate of $.90 per share in earnings on revenue that came in $0 million above expectations. The company said that orders were up 7% year over year, resulting in a book-to-bill ratio of .0 times. Things weren't so rosy over at merger partner L Technologies NYSE:LLL The quarterly results are important, but all eyes are understandably on what is to come as the two companies combine. Harris shooting for the stars Harris in recent years has focused its attention on sensors, radios, and other products aimed at the space, defense, and civilian government markets, and those businesses all reported strong numbers. Its communications systems division saw sales grow 0% from a year prior on strong demand from the Pentagon for night-vision goggles, as well as gover
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