L3Harris Reports Strong Third Quarter 2019 Results with Double-Digit Revenue Growth, Margin Expansion Across all Segments and Robust Cash Flow

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Go back to L3Harris Reports Strong Third Quarter 2019 Results with Double-Digit Revenue Growth, Margin Expansion Across all Segments and Robust Cash Flow

L3Harris Technologies (LHX) Tops Q3 EPS by 20c, Revenues Beat; Raises FY19 EPS/Revenue Guidance Above Consensus

October 30, 2019 6:32 AM EDT

L3Harris Technologies (NYSE: LHX) reported Q3 EPS of $2.58, $0.20 better than the analyst estimate of $2.38. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.42 billion.

GUIDANCE:

L3Harris Technologies sees FY2019 EPS of $10.00, versus the consensus of $9.70. L3Harris Technologies sees FY2019 revenue of $18.1 billion, versus the consensus of $18.06 billion.

3Q19 revenue $4.4 billion; up 187% GAAP, up 10% versus prior-year combined1; funded book-to-bill 1.13 and funded backlog up 10% to $16.5 billion3Q19 GAAP EPS from continuing operations up 7% to $1.90; non-GAAP2 up 26% versus prior-year combined to $2.583Q19... More