Provided by Dow Jones By Dave Sebastian L3Harris Technologies Inc. said its profit and revenue fell for the fourth quarter due to divestitures and pandemic-related effects. The Melbourne, Fla.-based aerospace and defense company on Friday reported fourth-quarter profit of $184 million, compared with $399 million in the same quarter last year, while earnings per share were 92 cents, compared with $1.77. Adjusted earnings were $3.14 a share. Analysts polled by FactSet were expecting $3.09 a share. Revenue fell 3.6% to $4.66 billion, mainly due to the Covid-19 pandemic s effects on commercial-related sales. Analysts were looking for $4.89 billion. Aviation systems revenue fell 22% to $845 million. Integrated mission systems revenue was off 0.1% to $1.47 billion. Space and airborne systems revenue rose 4.3% to $1.26 billion. Communication systems revenue rose 2.1% to $1.14 billion.
a2zJanuary 29, 2021 36
Low Earth Orbit (LEO) Satellite Payload Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this report analysis.
The global Low Earth Orbit (LEO) Satellite Payload Market size is expected to Expand at Significant CAGR of +5% during forecast period (2021-2027).
Satellite payload also known as piggybacking or hitchhiking, is a module that has its own communication circuitry and can function independently of the main spacecraft, but which shares the power supply and transponder of the satellites.
a2zJanuary 29, 2021 35
Geostationary Earth Orbit (GEO) Satellite Payload Market research report is the new statistical data source added by A2Z Market Research. It uses several approaches for analyzing the data of target market such as primary and secondary research methodologies. It includes investigations based on historical records, current statistics, and futuristic developments.
Satellite payload also known as piggybacking or hitchhiking, is a module that has its own communication circuitry and can function independently of the main spacecraft, but which shares the power supply and transponder of the satellites. Without having to incur the cost of constructing and launching an entire self-owned satellite, this is done to provide communication capabilities in the orbit.
L3Harris Technologies Board Hikes Dividend By 20%, Approves $6 Bln Share Buyback
WASHINGTON (dpa-AFX) - While reporting its financial results for the fourth quarter on Friday, L3Harris Technologies Inc. (LHX) provided its financial outlook for fiscal 2021 mostly below analysts estimates.
In addition, the company s board approved a 20 percent increase in the quarterly cash dividend and approved a new $6 billion share repurchase authorization.
For fiscal 2021, L3Harris forecast revenue of $18.5 billion to $18.9 billion, up organically 3 percent to 5 percent, reported earnings of $9.80 to $10.11 per share, and adjusted earnings of $12.60 to $13.00 per share.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.95 per share for the year on revenue growth of 4.5 percent to $19.24 billion. Analysts estimates typically exclude special items.
L3Harris Technologies, Inc. Q4 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - L3Harris Technologies, Inc. (LHX) reported earnings for fourth quarter that dropped from the same period last year.
The company s earnings came in at $184 million, or $0.92 per share. This compares with $399 million, or $1.77 per share, in last year s fourth quarter.
Analysts had expected the company to earn $3.09 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter fell 3.5% to $4.66 billion from $4.83 billion last year.
L3Harris Technologies, Inc. earnings at a glance:
-EPS (Q4): $3.14 vs. $2.85 last year.