L3Harris Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• L3Harris Technologies Inc LHX.N reported quarterly adjusted earnings of $3.47​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $3.35. The mean expectation of twenty two analysts for the quarter was for earnings of $3.42 per share. Wall Street expected results to range from $3.27 to $3.50 per share.

• Revenue rose 3.4% to $5.52 billion from a year ago; analysts expected $5.50 billion.

• L3Harris Technologies Inc's reported EPS for the quarter was $2.37​.

• The company reported quarterly net income of $453 million.

• L3Harris Technologies Inc shares had risen by 0.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for L3Harris Technologies Inc is $266.00

This summary was machine generated from LSEG data January 30 at 02:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)