L3Harris Adjusted Profit Tops Analysts' Expectations
May 05 2020 - 7:16AM
Dow Jones News
By Matt Grossman
L3Harris Technologies Inc. Tuesday reported an adjusted profit
for the first quarter that topped analysts' expectations.
The Melbourne, Fla.-based aerospace and defense company reported
net income of $194 million in its first quarter. The company was
created in July 2019 as the result of a combination of Harris Corp.
and L3 Technologies.
On a per-share basis, profit was 99 cents. Adjusted earnings
were $2.80 a share. Analysts were expecting adjusted earnings of
$2.61 a share, according to FactSet.
Revenue was $4.63 billion in the quarter. Analysts had expected
revenue of $4.57 billion.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
May 05, 2020 07:01 ET (11:01 GMT)
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