MELBOURNE, Fla. (AP) — MELBOURNE, Fla. (AP) — L3Harris Technologies, Inc. (LHX) on Thursday reported first-quarter profit of $283 million.
The Melbourne, Florida-based company said it had profit of $1.48 per share. Earnings, adjusted for non-recurring costs, were $3.06 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The technology and communications company posted revenue of $5.21 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $5.11 billion.
L3Harris expects full-year earnings in the range of $12.70 to $13.05 per share, with revenue in the range of $20.8 billion to $21.3 billion.
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