L3Harris (LHX) Beats Q2 Earnings Estimates, Hikes '24 EPS View

Excluding one-time items, the company reported GAAP earnings of $1.92 per share, up from $1.83 generated in the prior-year period. L3Harris' second-quarter revenues totaled $5.30 billion, which missed the Zacks Consensus Estimate by 0.1%. However, the top line rose 13% from the year-ago quarter's level of $4.69 billion. Segmental Performance The segment's operating income improved to $215 million from $168 million reported in the year-ago quarter. The operating margin expanded 280 bps to 12.6%, driven by im ...