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Investing.com -- L3Harris Technologies (NYSE:LHX) shares advanced 2% in premarket trading Thursday after the U.S. defense contractor raised its full-year outlook following stronger-than-expected results in the second quarter.
Earnings per share (EPS) in Q2 came in at $2.78, beating the consensus estimate of $2.48.
Revenue rose to $5.4 billion, also slightly ahead of the expected $5.32 billion.
The company reported $8.3 billion in orders during the quarter, resulting in a book-to-bill ratio of 1.5.
Operating margin stood at 10.5%, while the adjusted segment operating margin was 15.9%.
“We delivered impressive second-quarter results, led by a record book-to-bill of 1.5x, solid organic growth, and year-over-year adjusted segment operating margin expansion for the seventh consecutive quarter," said Christopher E. Kubasik, Chair and CEO of L3Harris.
"This marks a clear inflection point, with our strongest top-line growth in six quarters and meaningful progress towards our 2026 Financial Framework," he added.
L3Harris lifted its full-year 2025 EPS guidance to a range of $10.40 to $10.60, up from the previous $10.30 to $10.50, and in line with the $10.50 consensus.
Revenue is now expected to reach approximately $21.75 billion, compared with the earlier outlook of $21.4 billion to $21.7 billion.
The company also raised its cash flow forecast to about $2.65 billion, up from the prior range of $2.4 billion to $2.5 billion.