Melbourne, Fla.--Oct. 22, 1997--Harris Corporation reported a strongincrease in sales and earnings for the first quarter endedOctober 3, representing the company's seventeenth consecutive quarter ofdouble-digit, year-to-year profit increases.
Sales for the quarter increased 11 percent to $980 million versus $883million last year. Net income rose 14 percent to $43.6 million compared with$38.1 million. Earnings per share were up 12 percent to $0.55 vs. $0.49 for theyear-earlier quarter, adjusted for the company's two-for-one stock split inSeptember.
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