Investing.com - L3Harris Technologies reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
L3Harris Technologies announced earnings per share of $2.44 on revenue of $4.1B. Analysts polled by Investing.com anticipated EPS of $3.06 on revenue of $4.15B.
L3Harris Technologies shares are up 12.12% from the beginning of the year and are trading at $239.21 , down-from-52-week-high.They are outperforming the S&P 500 which is down 10.04% from the start of the year.
L3Harris Technologies shares gained 0.05% in after-hours trade the report.
L3Harris Technologies follows other major Industrials sector earnings this month
L3Harris Technologies's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.05 on revenue of $24.38B, compared to forecasts EPS of $2.89 on revenue of $23.82B.
Union Pacific had beat expectations on Thursday, April 21, 2022 with first quarter EPS of $2.57 on revenue of $5.86B, compared to forecast for EPS of $2.56 on revenue of $5.71B.
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