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)

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