L3Harris Technologies posted strong Q1 earnings, beating estimates despite a slight revenue decline.

L3Harris Technologies Inc saw increased investments from several firms and reported strong Q1 earnings, beating estimates by $0.09 with a net margin of 7.55% and a return on equity of 12.38%. Despite a 1.5% drop in revenue year-over-year, analysts predict 11.12 EPS for the year. The company, which offers mission-critical solutions for government and commercial sectors, has a market cap of $46.27 billion and a "Moderate Buy" rating with a $258.75 price target.