Harris (NYSE: HRS) reported earnings on July 31. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q4), Harris met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue contracted and GAAP earnings per share improved.

Margins expanded across the board.

Revenue details
 Harris tallied revenue of $1.44 billion. The 10 analysts polled by S&P Capital IQ expected revenue of $1.43 billion on the same basis. GAAP reported sales were 14% lower than the prior-year quarter's $1.67 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $1.42. The 14 earnings estimates compiled by S&P Capital IQ predicted $1.42 per share. GAAP EPS of $1.13 for Q4 were 6.6% higher than the prior-year quarter's $1.06 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 34.6%, 10 basis points better than the prior-year quarter. Operating margin was 16.9%, 150 basis points better than the prior-year quarter. Net margin was 9.0%, 100 basis points better than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $1.15.

Next year's average estimate for revenue is $5.44 billion. The average EPS estimate is $5.16.

Investor sentiment
 The stock has a five-star rating (out of five) at Motley Fool CAPS, with 628 members out of 647 rating the stock outperform, and 19 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 give Harris a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harris is hold, with an average price target of $46.17.

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