L3Harris: Q1 Earnings Snapshot
By AP News
Published - Apr 25, 2024, 04:22 PM ET
Last Updated - Apr 25, 2024, 04:22 PM EDT
MELBOURNE, Fla. (AP) — MELBOURNE, Fla. (AP) — L3Harris Technologies, Inc. (LHX) on Thursday reported first-quarter profit of $283 million.
The Melbourne, Florida-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs, were $3.06 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The technology and communications company posted revenue of $5.21 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.11 billion.
