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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| L3Harris Technologies Inc | NYSE:LHX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 9.13 | 4.40% | 216.49 | 216.99 | 211.24 | 211.93 | 2,133,540 | 01:00:00 |
From Apr 2019 to Apr 2024
By Dave Sebastian
L3Harris Technologies Inc. said its profit fell for the latest quarter as its aviation-systems business declined due to the Covid-19 pandemic, though sales ticked up.
The Melbourne, Fla.-based aerospace and defense company on Friday reported third-quarter profit of $430 million compared with $435 million in the same quarter last year, while earnings per share were $1.99 compared with $1.90.
Adjusted earnings were $2.84 a share, ahead of the $2.74 a share analysts polled by FactSet had expected.
Sales rose 0.7% to $4.46 billion from $4.43 billion, offset by the divestiture of the airport security and automation business and pandemic-related effects. Analysts were looking for $4.48 billion.
Aviation systems sales fell 16% to $792 million. Integration mission systems sales rose 6.2% to $1.37 billion. Space and airborne systems sales grew 6.5% to $1.25 billion. Communications systems sales rose 6% to $1.09 billion.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 30, 2020 07:10 ET (11:10 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year L3Harris Technologies Chart |
1 Month L3Harris Technologies Chart |
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