L3Harris Technologies' Q1 Non-GAAP Earnings Rise, Revenue Falls; Lowers Full Year Outlook

MT Newswires Live04-24

L3Harris Technologies (LHX) reported Q1 non-GAAP earnings Thursday of $2.41 per diluted share, up from $2.25 a year earlier.

Analysts polled by FactSet expected $2.31.

Revenue for the quarter ended March 29 was $5.13 billion, down from $5.21 billion a year earlier. Analysts surveyed by FactSet expected $5.20 billion.

The company lowered its 2025 non-GAAP EPS outlook to between $10.30 and $10.50 from a prior range of $10.55 to $10.85. Analysts polled by FactSet expect $10.63.

L3Harris Technologies now expects 2025 revenue of $21.4 billion to $21.7 billion versus a prior projection of $21.8 billion to $22.2 billion. Analysts surveyed by FactSet expect $21.90 billion.

L3Harris Technologies shares were down over 2% in recent premarket activity.

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