L3Harris Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More
Portfolio Pulse from Adam Eckert
L3Harris Technologies reported strong Q3 earnings, beating revenue and EPS estimates, and raised its 2024 guidance. The company highlighted its strategic partnership with Palantir Technologies and progress on cost-saving initiatives.
October 24, 2024 | 9:11 pm
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POSITIVE IMPACT
L3Harris Technologies reported Q3 revenue and EPS that beat estimates, driven by the Aerojet Rocketdyne acquisition and organic growth. The company raised its 2024 guidance and highlighted a strategic partnership with Palantir. Shares rose 4.37% after-hours.
L3Harris's strong Q3 performance, raised guidance, and strategic partnership with Palantir are positive indicators for the company's future growth. The market reacted positively, with shares up 4.37% after-hours.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies entered a strategic partnership with L3Harris, focusing on AI and advanced technologies for U.S. Army programs. This partnership is expected to enhance Palantir's market position.
The partnership with L3Harris is a strategic move for Palantir, potentially enhancing its market position and growth prospects. This news is likely to have a positive impact on Palantir's stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70