MELBOURNE, Fla. (AP) — MELBOURNE, Fla. (AP) — L3Harris Technologies, Inc. (LHX) on Thursday reported first-quarter earnings of $337 million.
The Melbourne, Florida-based company said it had net income of $1.76 per share. Earnings, adjusted for one-time gains and costs, came to $2.86 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.87 per share.
The technology and communications company posted revenue of $4.47 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $4.24 billion.
L3Harris expects full-year earnings in the range of $12 to $12.05 per share, with revenue in the range of $17.4 billion to $17.8 billion.
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