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Satnews Daily
October 30th, 2008

Financially Speaking... Harris Corporation...


Harris Corporation (NYSE: HRS) reported revenue of $1.37 billion in its fiscal quarter ended September 26, 2008, an increase of 11 percent compared to $1.23 billion in the prior-year quarter. Net income in the first quarter of fiscal 2009 was $119 million, or $.88 per diluted share, compared to net income of $100 million, or $.73 per diluted share, in the prior-year quarter. Net income in the first quarter included pre-tax charges of $9 million for previously announced cost-reduction actions and $8 million for an impairment related to AuthenTec, Inc. securities. To read the entire financial report, access this direct link.