L3Harris Technologies (LHX) Tops Q3 EPS by 11c; Raises FY20 EPS Outlook, Narrows FY20 Revenue Guidance

October 30, 2020 6:33 AM

L3Harris Technologies (NYSE: LHX) reported Q3 EPS of $2.84, $0.11 better than the analyst estimate of $2.73. Revenue for the quarter came in at $4.46 billion versus the consensus estimate of $4.48 billion.

“The L3Harris team delivered a strong quarter that demonstrated integration progress, portfolio resiliency and the perseverance of our employees,” said William M. Brown, Chairman and Chief Executive Officer. “Our on-going execution puts us in a position to deliver on an improved outlook for the year, which we'll build on over the medium term.”

GUIDANCE:

L3Harris Technologies sees FY2020 EPS of $11.55, versus the consensus of $11.43. L3Harris Technologies sees FY2020 revenue of $18.4 billion, versus the consensus of $18.47 billion.

L3Harris updates 2020 guidance as follows:

For earnings history and earnings-related data on L3Harris Technologies (LHX) click here.

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