L3Harris: Q1 Earnings Snapshot
MELBOURNE, Fla. (AP) _ L3Harris Technologies, Inc. (LHX) on Thursday reported first-quarter earnings of $475 million.
The Melbourne, Florida-based company said it had profit of $2.44 per share. Earnings, adjusted for one-time gains and costs, came to $3.12 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.02 per share.
The technology and communications company posted revenue of $4.1 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $4.12 billion.
L3Harris expects full-year earnings in the range of $13.35 to $13.65 per share, with revenue in the range of $17.3 billion to $17.7 billion.