Communications equipment maker Harris ( HRS) reported a 39.1% rise in profits in the fourth quarter.

The Melbourne, Fla.-based company earned $85.1 million, or 61 cents a share, in the quarter, compared with $61.2 million, 44 cents a share, a year ago. Adjusted for items, earnings were 65 cents a share in the most recent quarter. Analysts surveyed by Thomson First Call were expecting earnings a share of 60 cents.

Fourth quarter revenue rose 20.7% from a year ago to $992.4 million as against analysts' expectation of $965 million.

For the fiscal year 2007, the company raised its earnings guidance from $2.50 a share to $2.60 a share to $2.60 a share to $2.70 a share. Analysts polled by Thomson First Call estimate the company to earn $2.58 a share.

Orders in the fourth quarter increased 45% to $1.2 billion.

Revenue in the government communications systems segment increased 3.9% to $479.7 million and in the RF communications segment it increased 48.2% to $242.7 million. Revenue in the microwave communications segment increased 21.4% to $110.5 million and in the broadcast communications segment it increased 50.3% to $172.2 million.

This story was created through a joint venture between TheStreet.com and IRIS.

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