L3Harris Shares Show Strength Amid Mixed Signals

Defense contractor L3Harris Technologies delivered a powerful third-quarter performance that has reignited institutional interest, though a significant stock sale by the company’s chief executive has introduced a note of caution. The defense giant’s latest financial metrics surpassed market expectations across multiple fronts, prompting several financial institutions to revise their price targets upward.

L3Harris reported adjusted earnings of $2.70 per share, comfortably beating analyst estimates by 10 cents. Revenue reached $5.7 billion, significantly above the projected $5.53 billion. The company’s operational efficiency showed continued improvement, with operating margins climbing to 15.9% – marking the eighth consecutive quarter of margin expansion.

Bolstered by these results, management raised full-year guidance. The company now anticipates Read more...