Harris Corp. increases financial guidance
Harris Corp. today announced an increase in its earnings-per-share guidance for fiscal 2004. The company now expects net income to be in a range from $1.85 to $1.95 per diluted share. The previous guidance called for a range from $1.50 to $1.65 per diluted share. The company credited stronger performance in its Government Communications Systems and RF Communications Systems segments as a result of its participation in “a number of ongoing programs” involving advanced communications systems and tactical radios. “The current pace in these businesses is now expected to continue into the third and fourth quarters,” said Howard Lance, Harris’s president and CEO, in a statement.