L3Harris Technologies Reports Strong Q4 Earnings, Exceeding Estimates
MELBOURNE, Fla. - L3Harris Technologies, Inc. (LHX) announced its fourth-quarter earnings on Thursday, surpassing Wall Street expectations.
Key Financial Metrics:
* Earnings per share: $3.47 (adjusted for non-recurring costs), exceeding estimates of $3.43
* Net income: $453 million
* Revenue: $5.52 billion, surpassing forecasts of $5.51 billion
Annual Performance:
* Profit: $1.5 billion ($7.87 per share)
* Revenue: $21.33 billion
Full-Year Outlook:
* Earnings per share: $10.55 to $10.85
* Revenue: $21.8 billion to $22.2 billion
L3Harris's revenue growth was driven by its communication systems, mission integration, and maritime products. The company also benefited from increased government spending on defense and aerospace.
Analysts remain optimistic about L3Harris's growth prospects. They anticipate continued demand for its advanced technologies and believe the company is well-positioned to capitalize on the growing defense and aerospace markets.