CORRECTION: L3Harris Technologies Sees FY24 Adj. EPS $12.40-$12.80 Vs $12.71 Estimate, $12.70-$13.05 Prior
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies has updated its FY24 adjusted EPS forecast to $12.40-$12.80, a revision from its previous range of $12.70-$13.05, and slightly below the $12.71 estimate.
April 25, 2024 | 9:26 pm
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L3Harris Technologies has revised its FY24 adjusted EPS forecast to a new range of $12.40-$12.80, down from the previous forecast of $12.70-$13.05, and slightly below the analyst estimate of $12.71.
The revision of L3Harris Technologies' FY24 EPS forecast to a lower range indicates a potential decrease in expected profitability, which could lead to a negative short-term impact on the stock price. The adjustment being slightly below the analyst estimate further contributes to the potential negative perception among investors, as it suggests the company's performance may not meet market expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100