L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions [Reuters]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Reuters
weapons demand and robust defense spending amid escalating global security concerns. U.S. defense companies are experiencing a surge in contracts as the Russia-Ukraine war, the Middle East crisis and the specter of Chinese aggression are driving demand, but growth is still hindered by pandemic-related labor and supply-chain disruptions. Report this ad Following the Aerojet buyout in 2023, L3Harris suspended its merger and acquisition activity for the "foreseeable future" in efforts to L3Harris also launched a review of its operational performance, cost structure and portfolio composition, which is expected to be completed by this year. The company now expects the upper-end of its annual adjusted profit to be $13.05 per share, up from its previous guide of $12.80 per share. Earlier this week, that L3Harris would cut 5% of its workforce this year as part of a cost saving measure, citing an email to employees. Florida-based L3Harris posted an adjusted profit of $3.06 per sh
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LHX
News
- L3Harris: Q1 Beat And Raise Confirms Top Pick [Seeking Alpha]Seeking Alpha
- Is L3Harris Technologies (LHX) Stock Outpacing Its Aerospace Peers This Year? [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE: LHX) had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $250.00. They now have an "overweight" rating on the stock.MarketBeat
- L3Harris Technologies Insiders Sold US$3.0m Of Shares Suggesting Hesitancy [Yahoo! Finance]Yahoo! Finance
- L3Harris Technologies, Inc. (NYSE:LHX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
LHX
Earnings
- 4/25/24 - Beat
LHX
Sec Filings
- 5/1/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- LHX's page on the SEC website