financetom
Business
financetom
/
Business
/
L3Harris Technologies Earnings, Revenue Rise; Full-Year Guidance Increased
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
L3Harris Technologies Earnings, Revenue Rise; Full-Year Guidance Increased
Jul 25, 2024 1:40 PM

04:24 PM EDT, 07/25/2024 (MT Newswires) -- L3Harris Technologies ( LHX ) reported Q2 non-GAAP diluted earnings Thursday of $3.24 per share, up from $2.97 a year earlier.

Analysts polled by Capital IQ expected $3.18.

Revenue for the quarter ended June 30 was $5.30 billion, up from $4.69 billion a year earlier.

Analysts surveyed by Capital IQ expected $5.31 billion.

The company now expects full-year non-GAAP earnings of $12.85 to $13.15 per share, up from its previous guidance of $12.70 to $13.05 per share.

Revenue forecast for the year was narrowed to $21 billion to $21.3 billion from the previous range of $20.8 billion to $21.3 billion.

Analysts polled by Capital IQ expect the company to post earnings of $12.98 on revenue of $21.20 billion.

Price: 245.00, Change: +1.73, Percent Change: +0.71

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Pernod Ricard's annual sales fall 1% in line with estimates
Pernod Ricard's annual sales fall 1% in line with estimates
Sep 1, 2024
(Reuters) -France's Pernod Ricard reported a 1% fall in full-year organic sales on Thursday, largely in line with forecasts and its own guidance, as it managed to mostly offset deep problems in its key U.S. and Chinese businesses. The world's No.2 Western spirits maker maintained its full-year forecast in April even as sales in two of its largest markets faltered,...
Japan's Kirin clinched Fancl takeover to propel health pivot, president says
Japan's Kirin clinched Fancl takeover to propel health pivot, president says
Sep 1, 2024
TOKYO, Aug 29 (Reuters) - Japan's Kirin Holdings ( KNBWF ) has secured enough shares to take over supplement maker Fancl ( FACYF ), its new president said, overcoming rival buying by an overseas fund and furthering the beermaker's transition into healthcare. Takeshi Minakata, who rose to the top role in the company in March, said he wanted to declare...
Google weighs large data centre in Vietnam, source says, in nation's first by US big tech
Google weighs large data centre in Vietnam, source says, in nation's first by US big tech
Sep 1, 2024
* Hyperscale data centre would be in Southern Vietnam, source says * Google opening office in Vietnam, plans AI training, funding * Vietnam is far behind regional rivals in data centre industry By Phuong Nguyen and Francesco Guarascio HANOI, Aug 29 (Reuters) - Alphabet's Google is considering building a large data centre in Vietnam, a person briefed on the plans...
Lawyer for Telegram boss Durov dismisses allegations as absurd, French media reports
Lawyer for Telegram boss Durov dismisses allegations as absurd, French media reports
Sep 1, 2024
PARIS, Aug 29 (Reuters) - The French lawyer for Telegram boss Pavel Durov said it was totally absurd to suggest that the head of a social network such as his client could be involved in criminal acts, Franceinfo and BFM TV reported on Thursday. Telegram fully abides with European rules on digital. It is a moderator whose rules are similar...
Copyright 2023-2025 - www.financetom.com All Rights Reserved