Investing.com - L3Harris Technologies reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
L3Harris Technologies announced earnings per share of $1.9 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $1.71 on revenue of $1,521M. That with comparison to EPS of $1.78 on revenue of $1.54B in the same period a year before.L3Harris Technologies had reported EPS of $2.44 on revenue of $1.87B in the previous quarter.Analysts are expecting EPS of $2.26 and revenue of $1.79B in the upcoming quarter.
L3Harris Technologies shares are down 3.58% from the beginning of the year and are trading at $190.79 , down-from-52-week-high.They are outperforming the S&P 500 which is down 14.02% year to date.
L3Harris Technologies follows other major Capital Goods sector earnings this month
L3Harris Technologies's report follows an earnings beat by Ferguson ADR on Tuesday, March 17, 2020, who reported EPS of $2.05 on revenue of $5.32B, compared to forecasts EPS of $0.25 on revenue of $5.14B.
Lennar had beat expectations on Thursday, March 19, 2020 with first quarter EPS of $1.27 on revenue of $4.51B, compared to forecast for EPS of $0.85 on revenue of $4.15B.
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