Market Overview

L3Harris Technologies: Q3 Earnings Insights

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Shares of L3Harris Technologies (NYSE:LHX) moved higher by 0.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 10.08% year over year to $2.84, which beat the estimate of $2.73.

Revenue of $4,463,000,000 higher by 1.25% year over year, which missed the estimate of $4,480,000,000.

Guidance

The upcoming fiscal year's EPS expected to be between $11.55 and $11.55.

The upcoming fiscal year's revenue expected to be between $18,400,000,000 and $18,400,000,000.

Conference Call Details

Date: Oct 30, 2020

Time: 08:00 AM

ET Webcast URL: https://www.l3harris.com/events/shareholder/third-quarter-calendar-2020-earnings-conference-call

Price Action

Company's 52-week high was at $230.99

52-week low: $142.01

Price action over last quarter: down 2.91%

Company Description

L3Harris Technologies was created in 2019 from the merger of L3 Technologies and the Harris Corporation, two defense contractors that provide products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) market. The firm also has smaller operations serving the civil government, particularly the Federal Aviation Administration's communication infrastructure, and produces various avionics for defense and commercial aviation.

 

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Posted-In: Earnings News