L3Harris Technologies Expects 2024 Revenue Of $20.7B-$21.3B, Est $21.45B; Adj. EPS Of $12.40-$12.80, Est $13.14
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies has provided revenue guidance for 2024, projecting revenues of $20.7 billion to $21.3 billion, which is below the estimated $21.45 billion. The company also forecasts adjusted earnings per share (EPS) to be between $12.40 and $12.80, which is lower than the estimated $13.14.
January 25, 2024 | 9:20 pm
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L3Harris Technologies' revenue and EPS guidance for 2024 falls short of analysts' expectations, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
When a company's financial guidance is below analysts' estimates, it often results in negative investor sentiment as it suggests potential challenges ahead. This can lead to a decrease in stock price as market participants adjust their expectations for the company's future performance.
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