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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 | |
|---|---|---|---|---|---|---|---|---|
| 0.90 | 0.43% | 212.24 | 213.32 | 210.162 | 212.50 | 790,905 | 01:00:00 |
From May 2019 to May 2024
By Dave Sebastian
L3Harris Technologies Inc. said its profit and revenue fell for the fourth quarter due to divestitures and pandemic-related effects.
The Melbourne, Fla.-based aerospace and defense company on Friday reported fourth-quarter profit of $184 million, compared with $399 million in the same quarter last year, while earnings per share were 92 cents, compared with $1.77.
Adjusted earnings were $3.14 a share. Analysts polled by FactSet were expecting $3.09 a share.
Revenue fell 3.6% to $4.66 billion, mainly due to the Covid-19 pandemic's effects on commercial-related sales. Analysts were looking for $4.89 billion.
Aviation systems revenue fell 22% to $845 million. Integrated mission systems revenue was off 0.1% to $1.47 billion. Space and airborne systems revenue rose 4.3% to $1.26 billion. Communication systems revenue rose 2.1% to $1.14 billion.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
January 29, 2021 06:59 ET (11:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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