L3Harris Technologies Q4 earnings exceed expectations, but decline in stock continues due to 2024 revenue guidance.

Summary: L3Harris Technologies reported better-than-expected Q4 earnings, with adjusted earnings of $3.35 per share and revenue of $5.34 billion. The company's full-year operating margin increased 70 basis points. The stock continued to decline, despite the stronger-than-expected results, due to lower-than-anticipated full-year 2024 guidance, with revenue expectations set between $20.7 and $21.3 billion.

January 25, 2024
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