L3Harris Technologies LHX reported its Q2 earnings results on Thursday, July 28, 2022 at 04:30 PM.
Here’s what investors need to know about the announcement.
Earnings
L3Harris Technologies beat estimated earnings by 3.19%, reporting an EPS of $3.23 versus an estimate of $3.13.
Revenue was down $533.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.27 which was followed by a 2.86% drop 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 $13.35 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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