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Q1 Was Bad for L3Harris -- and Things Could Get Worse

TheMotleyFool

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Q1 Was Bad for L3Harris -- and Things Could Get Worse: https://g.foolcdn.com/editorial/images/737463/sam-missile-battery.jpg

It's been almost two months since defense contractor L3Harris (NYSE: LHX) reported its first-quarter 2023 earnings. To date, the total change in share price from before earnings came out through Friday's closing price is...less than 1% (specifically, down by 0.7%).

Over the entire two-month span, L3Harris shares have gyrated a bit more than that tiny change might suggest. However, overall and over a considerable span of time, investor consensus still appears to be that L3Harris's Q1 earnings report was kind of a non-event, and the company is doing just fine today.

I disagree.

Source Fool.com

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