Recap: L3Harris Technologies Q4 Earnings
Portfolio Pulse from Benzinga Insights
L3Harris Technologies (NYSE:LHX) reported Q4 earnings with an EPS of $3.35, beating estimates by 1.21% against the expected $3.31. Revenue increased by $762 million from the previous year. Despite beating EPS estimates last quarter, the share price dropped by 2.44% the following day. Historical earnings performance shows consistent beats on EPS estimates.
January 25, 2024 | 9:15 pm
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POSITIVE IMPACT
L3Harris Technologies reported a positive Q4 earnings beat with an EPS of $3.35, which was higher than the estimated $3.31, and a significant increase in revenue compared to last year.
L3Harris Technologies' positive earnings report, with a beat on EPS and a substantial increase in revenue, is likely to be viewed favorably by investors. Historically, a beat in earnings has the potential to drive the stock price up. However, it's worth noting that last quarter's EPS beat was followed by a drop in share price, which suggests that market reaction can be unpredictable. The score reflects the positive nature of the earnings beat, but with a cautious note due to past market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100