Investing.com - L3Harris Technologies reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
L3Harris Technologies announced earnings per share of $3.3 on revenue of $4.35B. Analysts polled by Investing.com anticipated EPS of $3.26 on revenue of $4.49B.
L3Harris Technologies shares are up 2.55% from the beginning of the year and are trading at $218.67 , down-from-52-week-high.They are outperforming the S&P 500 which is down 7.01% from the start of the year.
L3Harris Technologies follows other major Industrials sector earnings this month
L3Harris Technologies's report follows an earnings beat by Union Pacific on Thursday, January 20, 2022, who reported EPS of $2.66 on revenue of $5.73B, compared to forecasts EPS of $2.61 on revenue of $5.6B.
Raytheon Technologies had beat expectations on Tuesday, January 25, 2022 with fourth quarter EPS of $1.08 on revenue of $17.04B, compared to forecast for EPS of $1.02 on revenue of $17.3B.
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