| (USD) | Mar 2024 | Q/Q |
|---|---|---|
| Revenue | 5.2B | -2% |
| Gross Profit | 1.3B | - |
| Cost Of Revenue | 3.9B | -1% |
| Operating Income | 290MM | - |
| Operating Expenses | 1.1B | - |
| Net Income | 283MM | +79% |
| G&A | 970MM | +10% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
A long-delayed $95 billion package supports shells, missiles and drones for three countries, boosting defense companies, as scrutiny grows on share buybacks.
If you buy and hold a stock for many years, you'd hope to be making a profit. But more than that, you probably want to...
Defense stocks have come under pressure as US lawmakers put spending under the microscope. The Gabelli Commercial Aerospace and Defense ETF Portfolio Manager Tony Bancroft and Baird Senior Analyst Peter Arment join Market Domination to discuss how to play the aerospace and defense sectors now. Bancroft says that "US defense spending is below historic averages," but President Biden's latest budget request has a notable increase in defense spending. Arment notes the US is trying to "recapitaliz...
Explore key financial outcomes and strategic insights from L3Harris Technologies' first quarter of 2024, including revenue growth, margin expansion, and significant contract wins.
Insightful Analysis of L3Harris Technologies Inc's (LHX) Market Position and Future Prospects
Q1 2024 L3Harris Technologies Inc Earnings Call
The announcement confirms a Reuters report from Tuesday which said the company would cut 5% of its workforce this year, citing an email sent to employees. Though U.S. defense contractors are seeing a notable increase in orders amid conflicts in the Middle East and between Russia and Ukraine, they continue to face headwinds from supply chain and labor disruption stemming from the pandemic, impairing margins.
L3Harris' (LHX) first-quarter earnings and revenues surpass the Zacks Consensus Estimate. The company increases its 2024 earnings outlook.
L3Harris Stock is rising in early trading after its earnings beat expectations and it raised guidance. Investors also heard from defense contractors Lockheed, Northrop, General Dynamics, and Boeing this week.
The company's stock is rising in early trading after it beat Wall Street expectations and raised guidance.