On July 30, L3Harris Technologies, Inc. fell 6.83% in regular trading, trading at 268.305 USD/share, with turnover of approximately $116 million.

On the news front, the company reported Q2 EPS of $3.13, beating the consensus estimate of $2.80 by 11.79%, while revenue of $5.881 billion grew 8.3% year-over-year and exceeded the $5.808 billion estimate. The company also raised its full-year EPS guidance to $11.80-$12.00, above the FactSet consensus of $11.63. Despite the strong beat and upgraded outlook, the Aerospace & Defense sector faced systematic selling pressure, with Boeing down 3.1%, GE Aerospace down 3.49%, and Lockheed Martin down 1.96%. The sell-the-news effect compounded sector headwinds, causing the stock to accelerate lower after a brief pre-market rebound following the earnings release.

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