L3Harris (LHX) reported $5.29 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.7%. EPS of $3.34 for the same period compares to $3.19 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.32 billion, representing a surprise of -0.45%. The company delivered an EPS surprise of +2.14%, with the consensus EPS estimate being $3.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

L3Harris (LHX) came out with quarterly earnings of $3.34 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.14%. A quarter ago, it was expected that this technology and communications company would post earnings of $3.18 per share when it actually produced earnings of $3.24, delivering a surprise of 1.89%.Over the last four qu ...

Exhibit 99.1 Earnings Release L3Harris Technologies Reports Strong Third Quarter 2024 Results, Increases 2024 Guidance Highlights* • Orders of $7.2 billion; book-to-bill of 1.4x • Revenue of $5.3 billion, up 8%, and 5% organically • Operating margin of 9.4%; adjusted segment operating margin of 15.7% • Diluted earnings per share (EPS) of $2.10; non-GAAP diluted EPS of $3.34 • 2024 revenue guidance range increased to $21.1B - $21.3B • 2024 adjusted segment operating margin guidance increased to ~15.5% • 2024 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? L3Harris (LHX) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.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 3.88%, on average, in the last two quarters.For the most rece ...

In its upcoming report, L3Harris (LHX) is predicted by Wall Street analysts to post quarterly earnings of $3.26 per share, reflecting an increase of 2.2% compared to the same period last year. Revenues are forecasted to be $5.31 billion, representing a year-over-year increase of 8%.Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial fore ...

Wall Street expects a year-over-year increase in earnings on higher revenues when L3Harris (LHX) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 24. ...

On October 2, 2024, Ross Niebergall, President of Aerojet Rocketdyne, a subsidiary of L3Harris Technologies Inc (LHX, Financial), sold 2,988 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 13,328.16 shares of L3Harris Technologies Inc. L3Harris Technologies Inc, headquartered in Melbourne, Florida, is a global aerospace and defense technology innovator, providing advanced defense and commercial technologies across air, land, sea, space, a ...

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L3Harris Technologies, Inc. (LHX) recently revealed that it has started manufacturing its Viper Shield alldigital electronic warfare (EW) suite for F-16 fighter planes, achieving a significant milestone in the electromagnetic spectrum. This should strengthen L3Harris' already established footprint in the EW market. Six nations' F-16 fleets will receive the Viper Shield from LHX, which is currently in production at the company's manufacturing site based in Clifton, NJ. A Brief Note on LHX's Viper Shield To g ...

L3Harris Technologies (LHX) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. Details of LHX's New Contract The Next Generation Jammer-Low Band (NGJ-LB) is an advanced airborne electronic warfare system. The L3Harris solution will be simpler to maintain than the Navy's present system because of its modular, opensystem architecture, which allows for seamless updates. It ...