For the quarter ended March 2024, L3Harris (LHX) reported revenue of $5.21 billion, up 16.6% over the same period last year. EPS came in at $3.06, compared to $2.86 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $5.11 billion, representing a surprise of +2.01%. The company delivered an EPS surprise of +5.88%, with the consensus EPS estimate being $2.89.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expect ...

Exhibit 99.1 Earnings Release L3Harris Technologies Reports Strong First Quarter 2024 Results, Increases 2024 Profitability Guidance MELBOURNE, Fla., April 25, 2024 — L3Harris Technologies, Inc. (NYSE: LHX) reported first quarter 2024 net income attributable to L3Harris of $283 million, or diluted earnings per share (EPS) of $1.48, on first quarter revenue of $5.2 billion. First quarter 2024 non-GAAP net income attributable to L3Harris was $584 million, or non-GAAP diluted EPS of $3.06. A reconciliation of ...

L3Harris Technologies, Inc. (LHX) is slated to report first-quarter 2024 results on Apr 25, after market close.    L3Harris has a four-quarter average earnings surprise of 1.53%. The strong top-line performance across most of the company’s business segments is likely to have contributed to its overall first-quarter revenues. Such sales growth, along with positive synergies from the Aerojet Rocketdyne acquisition, must have bolstered its bottom-line performance amid the adverse impacts of increased interest ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.The ability to identify stocks tha ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering L3Harris (LHX) , which belongs to the Zacks Aerospace - Defense industry.When looking at the last two reports, this technology and communications company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 2.73%, on average, in the last two quarters.For the last reported quarter, L3Harris came out with earnings o ...

ANDOVER, Mass., April 10, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com))), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a $31 million contract from L3Harris Technologies (NYSE:LHX) to provide solid-state data recorders for the U.S. Space Development Agency (SDA)'s Tranche 2 Tracking Layer satellite constellation. L3Harris was selected in January to design and build 18 satellites that will provide near-global mis ...

L3Harris Technologies Inc. (LHX) recently announced that it has signed an agreement to divest its antenna and related businesses for $200 million to an affiliate of Kanders & Co., Inc. Once the deal gets completed, L3Harris will earn cash worth $175 million.The transaction is anticipated to close in the second quarter of 2024.The businesses that L3Harris has agreed to sell specialize in a range of airborne and ground-based antennas and test equipment.Rationale Behind the SaleL3Harris’ decision to divest ant ...

Creates New Fisica Platform to Build and Acquire a Leading Defense Technology Portfolio PALM BEACH, Fla., April 5, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today that it has entered into a definitive agreement to acquire and combine certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million. The acquisition brings together three separate business units under Kanders' newly formed Fisica, Inc. ("Fisica") ...

L3Harris Technologies (LHX) recently announced that the board of directors has approved a 1.8% increase in the quarterly dividend rate. The revised quarterly dividend will be $1.16, payable on Mar 22, 2024, to shareholders of record at the close of business on Mar 8.L3Harris has been consistently increasing dividends for 23 years. The company’s new annualized dividend rate is $4.64 per share, resulting in an annualized dividend yield of 2.19%, based on its share price of $211.74 as of Feb 27, 2024. The curr ...

MELBOURNE, Fla.--(BUSINESS WIRE)--The Board of Directors of L3Harris Technologies (NYSE:LHX) approved an increase in the company’s per share quarterly cash dividend rate from $1.14 to $1.16 commencing with the dividend for the first quarter of the year, payable March 22, 2024, to shareholders of record as of the close of business on March 8, 2024. The dividend corresponds to an increase in the annualized rate from $4.56 to $4.64. “ This represents the company’s 23rd consecutive annual dividend increase, en ...