Stock Analysis
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- NYSE:LHX
L3Harris Technologies Second Quarter 2024 Earnings: EPS Misses Expectations
L3Harris Technologies (NYSE:LHX) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$5.30b (up 13% from 2Q 2023).
- Net income: US$366.0m (up 4.9% from 2Q 2023).
- Profit margin: 6.9% (down from 7.4% in 2Q 2023).
- EPS: US$1.93 (up from US$1.85 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
L3Harris Technologies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Aerospace & Defense industry in the US.
Performance of the American Aerospace & Defense industry.
The company's shares are down 2.3% from a week ago.
Risk Analysis
Be aware that L3Harris Technologies is showing 3 warning signs in our investment analysis and 1 of those shouldn't be ignored...
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About NYSE:LHX
L3Harris Technologies
Provides mission-critical solutions for government and commercial customers worldwide.
Established dividend payer with acceptable track record.