
L3Harris Technologies (NYSE: $LHX) reported strong third-quarter earnings for 2024, with adjusted earnings per share (EPS) of $3.34, surpassing analysts' expectations of $3.25. The company's revenue reached $5.29 billion, slightly exceeding the forecast of $5.28 billion and reflecting a year-over-year increase of 7.67%. L3Harris also raised its full-year revenue guidance to a range of $21.1 billion to $21.3 billion, maintaining its previous guidance for adjusted EPS between $12.95 and $13.15. The results were bolstered by a robust book-to-bill ratio of 1.4x, indicating strong demand in the defense sector. Additionally, L3Harris announced a strategic partnership with Palantir, further emphasizing its focus on enhancing capabilities amid heightened global defense demand. Shares of L3Harris rose by 0.4% to $245.82 following the earnings release.




L3Harris Technologies $LHX has released its quarterly earnings. Revenue of $5.29B (+7.67% YoY) beats by $12M. EPS of $3.34 (+4.70% YoY) beats by $0.08.
Solid Booz Allen $BAH results: - Revenue +18% - EBITDA +25% - EPS +40% - Highest backlog in years - Repurchased ~1% of shares outstanding in the quarter What's not to like? I wrote about $BAH in my Q1 investor letter here: https://t.co/ONeiXefXfD
$LHX Guidance: "Given our strong performance so far this year, we are increasing guidance again. We now expect total company revenue of $21.1 billion to $21.3 billion; segment operating margin of approximately 15.5%; EPS in the range of $2.95 to $13.15 per share, and we'reโฆ https://t.co/Tt7nWqfjAV