L3Harris Technologies 3Q Profit Rises, Revenue Falls - News Summed Up

L3Harris Technologies 3Q Profit Rises, Revenue Falls


By Dave SebastianL3Harris Technologies Inc. said its profit rose for the third quarter, though revenue fell due to supply constraints, divestitures and the timing of aircraft awards. The aerospace and defense company on Friday posted net income of $479 million, compared with $430 million in the year-ago period. Earnings were $2.39 a share, compared with $1.99 a share in the prior year. Revenue fell to $4.23 billion from $4.46 billion last year. Write to Dave Sebastian at dave.sebastian@wsj.com(END) Dow Jones NewswiresOctober 29, 2021 06:58 ET (10:58 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.


Source: Wall Street Journal October 29, 2021 17:16 UTC



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