Harris (HRS) Falls on Lower Forecast Citing U.S. Cuts
Fortunately, DUH'Marco will steer KTOS clear of ANY of the negative effects of defense-sector spending cuts. After all, he "saved" Kratos! (snark)
==Harris Corp. (HRS) fell the most in six months after the maker of military radios lowered its sales forecast because of U.S. spending cuts.
The Melbourne, Florida-based company slid as much as 4.8 percent to $46.88 for the biggest intraday drop since July 23. The shares traded at $47.10 at 12:02 p.m. in New York. They are down 3.8 percent so far this year.
Harris’s revenue for the fiscal year ending June 30 is forecast to decline 2 percent to 4 percent from the prior year “due to expected slower government spending resulting from growing budget uncertainty,”==
SAI o.91%, KTOS+ 0.85%, CUB+ 0.81%, LMT+0.59%, BA--0.47%, Gd--1.09%, DRCO--1.15%, RTN--0.05%, HRS---4.39%. Top percentage Gainer for today is SAI.Kratos 2nd , 3rd CUB. there was 6 finishing in the GREEN and 4 in the RED ZONE. just 2 days left and we see if there is going to be a 3 way tie. Pics.