L3Harris Technologies LHX reported its Q3 earnings results on Friday, October 29, 2021 at 06:30 AM.
Here's what investors need to know about the announcement.
Earnings
L3Harris Technologies beat their estimated earnings by 17.58%, reporting an EPS of $3.21 versus an estimate of $2.73, which surprised analysts.
Revenue was up $234,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08, which was followed by a 0.85% drop in the share price the next day.
Here's a look at L3Harris Technologies's past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 3.18 | 2.94 | 3.09 | 2.73 |
| EPS Actual | 3.26 | 3.18 | 3.14 | 2.84 |
| Revenue Estimate | 4.63B | 4.54B | 4.89B | 4.48B |
| Revenue Actual | 4.67B | 4.57B | 4.66B | 4.46B |
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