04:50 PM EDT, 07/25/2024 (MT Newswires) -- L3Harris Technologies ( LHX ) late Thursday reported stronger-than-expected second-quarter earnings even as the aerospace and defense technology company's revenue fell short of Wall Street's estimates.

Adjusted earnings rose to $3.24 per share for the quarter ended June 28 from $2.97 a year earlier, compared with expectations in a Capital IQ poll that indicated $3.18. Revenue grew 13% to $5.3 billion, but fell just shy of the Street's $5.31 billion view.

Space and airborne systems' revenue slipped to $1.707 billion from $1.715 billion, while integrated mission systems fell to $1.729 billion from $1.735 billion. Communication systems rose 4% to $1.346 billion.

For the current year, L3Harris ( LHX ) expects adjusted EPS of $12.85 to $13.15, up from the prior $12.70 to $13.05 range. Analysts were modeling $12.98.

The company forecast 2024 revenue between $21 billion and $21.3 billion, lifting the bottom end of the previous guidance from $20.8 billion. The Street's expectations are for about $21.2 billion.

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