L3Harris Poised For 2025 Growth: Analysts Highlight Q3 Earnings Beat, Solid Orders, And Margin Expansion Potential
Portfolio Pulse from Anusuya Lahiri
L3Harris Technologies Inc (NYSE:LHX) reported strong Q3 earnings, with revenue and EPS beating expectations. The company raised its 2024 guidance slightly, reflecting higher expectations for revenue and margin growth. Analysts have rerated the stock, with Truist maintaining a Buy rating and RBC Capital a Sector Perform rating. LHX stock rose 3.83% following the news.
October 25, 2024 | 7:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
L3Harris Technologies reported better-than-expected Q3 earnings, with revenue and EPS surpassing analyst estimates. The company slightly raised its 2024 guidance, indicating confidence in future growth. Analysts have maintained positive ratings, contributing to a 3.83% increase in stock price.
L3Harris's strong Q3 performance, with revenue and EPS beating expectations, has led to a positive market reaction. The slight increase in 2024 guidance and maintained positive analyst ratings suggest confidence in the company's growth prospects, contributing to the stock's rise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100