Here's What to Expect from L3Harris Technologies' Next Earnings Report

Melbourne, Florida-based L3Harris Technologies, Inc. (LHX) is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers' mission-critical needs. With a market cap of $46.2 billion, L3Harris provides defense and commercial technologies across space, air, land, sea, and cyber domains. It is expected to release its third-quarter earnings after the market closes on Thursday, Oct. 24.

Ahead of the event, analysts expect L3Harris to report a profit of $3.26 per share, up 2.2% from $3.19 per share reported in the year-ago quarter. Moreover, the company has consistently surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter grew by 9.1% year-over-year to $3.24 while exceeding the consensus estimates by 1.9%.