**L3Harris Technologies Reports Strong Q2 Results and Raises 2024 Outlook*
L3Harris Technologies, based in Melbourne, Fla., had a strong second quarter, beating expectations for earnings per share (EPS) and hitting revenue targets.
The company reported an adjusted EPS of $3.24, which is $0.07 above what analysts had predicted. Revenue for the quarter was $5.3 billion, right on target with forecasts.
This EPS is a 9% increase from $2.97 in the same quarter last year, showing solid growth. The company’s operating margin was 9.0%, and its adjusted segment operating margin was 15.6%.
CEO Christopher E. Kubasik praised the results, highlighting improved margins and the positive effects of the LHX NeXt initiative since the merger five years ago.
Looking ahead, L3Harris has raised its 2024 revenue and EPS guidance. They now expect revenue between $21.0 billion and $21.3 billion, up from the previous range. They also increased their margin expectations.
For the full year 2024, the company expects an adjusted EPS between $12.85 and $13.15, slightly above the analyst consensus of $12.97, suggesting a positive outlook for earnings.
Is LHX a Good Investment Right Now?*
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Could LHX be one of these high-potential stocks?
