InterDigital Inc (IDCC)

[nieves]

HRS Reiterated FY 03 EPS Guidance of $1.30 - $1.40 [delayed]



Ridgeland, MS, MAR 10, 2003 (EventX/Knobias.com via COMTEX) -- Harris Corporation (NYSE: HRS) reiterated its previous guidance for fiscal 2003 net income per share of $1.30 to $1.40, excluding the impact of second quarter expenses associated with the Microwave division's cost reduction actions.

"While the high end of the $1.30 to $1.40 earnings per share range noted above may still be achievable, the timing of an economic recovery and the rising geopolitical risks remain real concerns going forward." Also in line with previous guidance, the company noted that its expectation for fiscal 2003 non-operating income of $25 million has not changed. "As a result, the improvement in the quality of earnings should continue for the fiscal year," Howard L Lance said.

Consensus Estimates

- FY 03 EPS: $1.38