L3Harris Technologies Q4 Adj EPS $3.35 Beats $3.31 Estimate, Sales $5.34B Beat $5.29B Estimate
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies (LHX) surpassed analyst expectations for Q4 adjusted EPS and sales, reporting $3.35 per share and $5.34B respectively, against estimates of $3.31 per share and $5.29B. This represents a year-over-year earnings increase of 2.45% and a sales increase of 16.64%.
January 25, 2024 | 9:08 pm
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L3Harris Technologies reported a positive earnings surprise with Q4 adjusted EPS of $3.35, beating estimates by 1.21%, and sales of $5.34B, exceeding estimates by 0.95%.
Beating both EPS and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The reported growth over the previous year's earnings and sales further strengthens the positive outlook for LHX.
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