L3Harris Technologies Raises FY24 EPS Guidance From $12.70-$13.05 To $12.85-$13.15 Vs $12.97 Est.; Revenue Guidance From $20.8B-$21.3B To $21B-$21.3B Vs $21.21B Est.
Portfolio Pulse from Benzinga Newsdesk
L3Harris Technologies has raised its FY24 EPS guidance from $12.70-$13.05 to $12.85-$13.15, compared to the $12.97 estimate. Revenue guidance has also been increased from $20.8B-$21.3B to $21B-$21.3B, versus the $21.21B estimate. The company reported a 13% increase in Q2 revenue and a 19% increase in operating income.
July 25, 2024 | 8:13 pm
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L3Harris Technologies has raised its FY24 EPS and revenue guidance, indicating strong financial performance. The company reported a 13% increase in Q2 revenue and a 19% increase in operating income, which is likely to positively impact the stock price in the short term.
The raised guidance for both EPS and revenue, along with strong Q2 financial results, suggests that L3Harris Technologies is performing well. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100