L3Harris Technologies 2Q Revenue Up 13%; Costs Weigh on Profit
26 Julho 2023 - 6:34PM
Dow Jones News
By Paul Ziobro
L3Harris Technologies posted higher second-quarter revenue on
increased demand in all of its segments, while profit fell due to
higher costs.
The Melbourne, Fla.-based defense contractor on Wednesday
reported a profit of $379 million, or $1.83 a share, for the
quarter ended June 30, compared with a profit of $471 million, or
$2.42 a share, in the same quarter a year earlier.
Adjusted for certain items, per-share earnings came in at $2.97.
Analysts recently polled by FactSet expected $2.94 a share.
Revenue rose 13%, to $4.69 billion, topping analyst estimates
for $4.37 billion. Revenue increased 8% for integrated mission
systems, 9% for space and airborne systems and 30% for
communications systems.
The company said the cost of product sales and services rose to
$3.48 billion from $2.91 billion a year earlier.
Write to Paul Ziobro at paul.ziobro@wsj.com
(END) Dow Jones Newswires
July 26, 2023 17:19 ET (21:19 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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