L3Harris: Q4 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 04:45 PM ET
Last Updated - Jan 25, 2024, 04:45 PM EST
MELBOURNE, Fla. (AP) — MELBOURNE, Fla. (AP) — L3Harris Technologies, Inc. (LHX) on Thursday reported fourth-quarter profit of $158 million.
On a per-share basis, the Melbourne, Florida-based company said it had profit of 83 cents. Earnings, adjusted for non-recurring costs, came to $3.35 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.31 per share.
The technology and communications company posted revenue of $5.34 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $5.29 billion.
