L3Harris Q3 2023 Adj EPS $3.19 Beats $3.03 Estimate, Revenue $4.915B Beats $4.76B Estimate
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies reported Q3 2023 adjusted EPS of $3.19, beating the estimate of $3.03. The company's revenue was $4.915B, surpassing the estimate of $4.76B.
October 26, 2023 | 8:12 pm
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POSITIVE IMPACT
L3Harris Technologies reported better than expected Q3 2023 earnings and revenue, which could positively impact the company's stock price in the short term.
Earnings reports are a key indicator of a company's financial health. Better than expected earnings and revenue typically lead to a positive reaction in the stock market. Therefore, L3Harris Technologies' stock price is likely to increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100