L3Harris rises after quarterly revenue beats estimates


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L3Harris Technologies (NYSE:LHX) rose Friday after the defense contractor beat estimates on quarterly revenue. The stock rose as much as 9.2% to $214.55, the highest in six weeks. The company’s revenue rose 6% from a year earlier to $4.58 billion in Q4, compared with the consensus estimate of $4.34 billion. L3Harris (LHX) attributed the gains to its communications and its aerospace systems units. Its Q4 revenue profit of $416 million, or $2.17 a share, was down from $484 million, or $2.46 a share, a year earlier. Adjusted EPS of $3.27 a share was in line with analyst estimates for $3.26....