L3Harris Reports Strong Third Quarter 2020 Results and Raises Outlook
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L3Harris Technologies (LHX) PT Lowered to $210 at Cowen
November 2, 2020 7:03 AM ESTCowen analyst Gautam Khanna lowered the price target on L3Harris Technologies (NYSE: LHX) to $210.00 (from $240.00) while maintaining a Outperform rating.
... MoreL3Harris Technologies (LHX) Tops Q3 EPS by 11c; Raises FY20 EPS Outlook, Narrows FY20 Revenue Guidance
October 30, 2020 6:33 AM EDTL3Harris 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.
3Q20 revenue$4.5 billion, up 0.7% versus prior yearUp 4.4% on an organic1 basis; funded book-to-bill of 1.023Q20 margin and earningsNet income margin of 9.6%; adjusted earnings before interest and taxes (EBIT)2 margin of 17.9%GAAP earnings per share... More