L3Harris Technologies Q1 2024 Adj EPS $3.06 Beats $2.90 Estimate, Sales $5.20B Beat $5.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies (LHX) reported Q1 2024 adjusted EPS of $3.06, surpassing the $2.90 estimate, with sales of $5.20B exceeding the $5.11B forecast. This represents a 16.31% increase in sales compared to the same period last year.

April 25, 2024 | 8:12 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
L3Harris Technologies reported a strong Q1 2024 performance with both earnings and sales exceeding analyst expectations, indicating robust financial health and operational efficiency.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The significant year-over-year sales growth further underscores the company's strong market position and operational success, likely bolstering investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100