L3Harris Technologies' first-quarter earnings showed a mixed performance, reporting an adjusted earnings per share of $3.12, surpassing the Zacks Consensus Estimate of $3.02, despite a year-over-year revenue decline of 10.2% to $4.1 billion, which also missed estimates by 0.49%. This earnings surprise of 3.31% highlights ongoing challenges amid a projected fiscal year revenue of $17.55 billion, coupled with a Zacks Rank of #4 (Sell). Analysts indicate potential relief from recent merger cost synergies, as the company navigates difficulties in its Integrated Mission Systems and commercial aerospace sectors.
“L3Harris · posted · a smaller-than-forecast decline · Friday”
“L3Harris · posted · a smaller-than-forecast decline · Friday”
“L3Harris · posted · a smaller-than-forecast decline · Friday”
“L3Harris · posted · a smaller-than-forecast decline · Friday”
“L3Harris · reported earnings per share · $3.12 · beating the Zacks Consensus Estimate of $3.02”
“L3Harris · compared to earnings per share a year ago · $3.18 · decrease”
“L3Harris · represented an earnings surprise of · 3.31%”
“L3Harris · was expected to post earnings of · $3.25 · actual earnings were $3.30”
“L3Harris · has surpassed consensus EPS estimates · four times · over the last four quarters”
“L3Harris · posted revenues of · $4.1 billion · missing the Zacks Consensus Estimate by 0.49%”
“L3Harris · year-ago revenues · $4.57 billion · decrease”
“L3Harris · topped consensus revenue estimates · once · over the last four quarters”