NYSE:LHXAerospace & Defense
L3Harris (LHX) Stock Drops As Debt And IPO Delay Cloud Growth
L3Harris Technologies entered this earnings day with a stock that had already cooled over the past quarter, and then the market hit it again with an 8.6% drop to about US$272. That sharp move came even as the company posted Q2 revenue of US$5.9b and basic earnings per share of US$3.15, both higher than recent quarters. The expectation gap is clear. The headline is that profit growth and cash generation looked solid while the market focused on what comes next for an already debt heavy balance...