Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial ."One Of My Highest-Conviction Dividend Investments." That's what I called L3Harris Technologies, Inc. ( NYSE: LHX ) in my most recent article on September 11. In that article, I discussed the many qualities this diversified defense contractorAnalyst’s Disclosure: I/we have a ben ...

L3Harris Technologies Inc LHX stock is trading higher after the company reported better-than-expected third-quarter financial results.On Thursday, L3Harris reported third-quarter revenue of $5.3 billion, up by 8%, topping the analyst consensus of $5.28 billion. The defense contractor reported adjusted EPS of $3.34, above consensus estimates of $3.26.Also Read: What’s Going On With Nvidia, AMD And Other Chip Stocks On Friday?L3Harris revised its full-year 2024 revenue guidance from $21 billion—$21.3 billion ...

L3Harris Technologies, Inc. (LHX) reported third-quarter 2024 adjusted earnings (from continuing operations) of $3.34 per share, which beat the Zacks Consensus Estimate of $3.27 by 2.1%. The bottom line also increased 4.7% from the year-ago quarter’s figure of $3.19.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Excluding one-time items, the company reported GAAP earnings of $2.10 per share, up from $2.02 generated in the prior-year period.The year-over-year improvement in the bott ...

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 ...