L3Harris Technologies, Inc. Q2 Profit Increases, Beats Estimates

(RTTNews) - L3Harris Technologies, Inc. (LHX) revealed earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $366 million, or $1.92 per share. This compares with $349 million, or $1.83 per share, in last year's second quarter.

Excluding items, L3Harris Technologies, Inc. reported adjusted earnings of $3.24 per share for the period.

Analysts on average had expected the company to earn $3.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.9% to $5.299 billion from $4.693 billion last year.

L3Harris Technologies, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $366 Mln. vs. $349 Mln. last year. -EPS (Q2): $1.92 vs. $1.83 last year. -Revenue (Q2): $5.299 Bln vs. $4.693 Bln last year.