L3Harris Technologies Exceeds Q3 Estimates and Raises Full-Year Guidance
L3Harris Technologies (LHX) reported third-quarter financial results that surpassed Wall Street expectations, driven by strong revenue growth and a record backlog of $53.2 billion. The company posted GAAP earnings per share of $3.28, beating consensus estimates by $0.33, while quarterly revenue reached $6.1 billion, representing a 7% year-over-year increase. Following these results, L3Harris raised its full-year guidance for both revenue and GAAP EPS, signaling confidence in sustained demand within the defense sector. Despite the upward revisions to top and bottom-line forecasts, the company maintained its free cash flow guidance at $3 billion.
Tickers: $LHX
Topics: earnings beat free cash flow guidance raise revenue growth