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 3.55%, on average, in the last two quarters. For the last re ...

Introduction Potential NATO membership of Ukraine. Personally, I think this is a nothingburger, especially because there is no way to make Ukraine a NATO member as long as it has Russian troops on its land. It would automatically trigger Article 5 (a full-blown war with NATO). Supporting Ukraine long-term. It is likely that NATO will push for potential long-term commitments from member nations to support Ukraine. How will NATO deal with China? The war in Ukraine is just one piece of a complex geopolitical p ...

Launches Fisica, Kanders' New Defense Technology Platform PALM BEACH, Fla., June 3, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today the completion of its previously announced acquisition of certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million. The acquired ATI, Datron and Randtron businesses will operate under Fisica, Inc. ("Fisica"), Kanders' defense technology platform, and manufacture airborne an ...

Investors interested in stocks from the Aerospace - Defense sector have probably already heard of L3Harris (LHX) and Northrop Grumman (NOC) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy th ...

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Is L3Harris (LHX) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. L3Harris is one of 45 individual stocks in the Aerospace sector. Collectively, these companies sit at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks withi ...

or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to ______________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 | Securities registered pursuant to Section 12(b) of the Act: | | | | --- | --- | --- | | Title of each class | Trading Symb ...

L3Harris Technologies, Inc. (LHX) reported first-quarter 2024 adjusted earnings (from continuing operations) of $3.06 per share, which beat the Zacks Consensus Estimate of $2.89 by 5.9%. The bottom line also increased 7% from the year-ago quarter’s reported figure of $2.86.Excluding one-time items, the company reported GAAP earnings of $1.48 per share, down from $1.76 generated in the prior-year period.Total RevenuesL3Harris’ first-quarter revenues totaled $5.21 billion, which beat the Zacks Consensus Estim ...

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 ...