* L3Harris Technologies Inc reported quarterly adjusted earnings of $3.06 per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $2.86. The mean expectation of twenty two analysts for the quarter was for earnings of $2.90 per share. Wall Street expected results to range from $2.81 to $2.99 per share.
* Revenue rose 16.6% to $5.21 billion from a year ago; analysts expected $5.11 billion.
* L3Harris Technologies Inc's reported EPS for the quarter was $1.48.
* The company reported quarterly net income of $283 million.
* L3Harris Technologies Inc shares had fallen by 2.5% this quarter and lost 1.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 2% in the last three months.
* In the last 30 days, five 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," 6 "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 $240.00 This summary was machine generated from LSEG data April 26 at 12:35 a.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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 2.90 3.06 Beat
Dec. 31 2023 3.31 3.35 Beat
Sep. 30 2023 3.03 3.19 Beat
Jun. 30 2023 2.94 2.97 Beat
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