L3Harris Reports Second Quarter 2020 Results
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L3Harris Technologies (LHX) Tops Q2 EPS by 22c, Revenues Miss; Maintains FY20 EPS/Revenue Guidance
July 31, 2020 6:34 AM EDTL3Harris Technologies (NYSE: LHX) reported Q2 EPS of $2.83, $0.22 better than the analyst estimate of $2.61. Revenue for the quarter came in at $4.4 billion versus the consensus estimate of $4.46 billion.
2Q20 revenue$4.4 billion, up 138% and flat versus prior-year GAAP and pro forma1, respectivelyUp 2.3% on an organic2 basis; funded book-to-bill of 1.092Q20 margin and earningsNet income margin of 6.3%; adjusted earnings before interest and taxes (EBIT)3 margin of 18.2%GAAP earnings per share from... More