L3Harris Raises 2020 Profit Guidance, Narrows Revenue Outlook
October 30 2020 - 7:55AM
Dow Jones News
By Dave Sebastian
L3Harris Technologies Inc. on Friday raised its profit guidance
and narrowed its revenue outlook for the year as it posted higher
sales and lower profit for the latest quarter.
The Melbourne, Fla.-based aerospace and defense company expects
earnings of $6.44 a share, or $11.55 a share on an adjusted basis,
on revenue of about $18.4 billion.
The company had guided for earnings of $6.03 a share to $6.43 a
share, or $11.15 a share to $11.55 a share on an adjusted basis, on
revenue of $18.2 billion to $18.6 billion.
In the first three quarters of the year, the company said it
recognized $397 million in impairment charges.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 30, 2020 07:40 ET (11:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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