L3Harris Reports Fourth Quarter and 2020 Results; Initiates 2021 Guidance
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L3Harris Technologies (LHX) Tops Q4 EPS by 5c, Revenues Miss; Offers FY21 Revenue Guidance Below Consensus, FY21 EPS Mid-Point Outlook Below Consensus
January 29, 2021 6:33 AM ESTL3Harris Technologies (NYSE: LHX) reported Q4 EPS of $3.14, $0.05 better than the analyst estimate of $3.09. Revenue for the quarter came in at $4.66 billion versus the consensus estimate of $4.89 billion.
Fourth Quarter 2020 ResultsRevenue of $4.7 billion, down 3.6% versus prior year; flat on an organic1 basis; funded book-to-bill of 0.93Net income margin of 3.9%; adjusted earnings before interest and taxes (EBIT)2 margin of 18.5%GAAP... More