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Benzinga Insights

Recap: L3Harris Technologies Q1 Earnings

L3Harris Technologies (NYSE:LHX) reported its Q1 earnings results on Thursday, April 28, 2022 at 04:30 PM.

Here's what investors need to know about the announcement.

Earnings

L3Harris Technologies beat estimated earnings by 9.47%, reporting an EPS of $3.12 versus an estimate of $2.85.

Revenue was down $464.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.43 which was followed by a 0.3% increase in the share price the next day.

 

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

L3Harris Technologies management provided guidance for FY 2022, expecting earnings between $13.35 and $13.65 per share.

To track all earnings releases for L3Harris Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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