On July 30, L3Harris Technologies, Inc. fell 3.1% in regular trading, trading at $295.505/share, with turnover of $211 million. The decline comes one session after the company released its Q2 fiscal results on July 29 post-market, with market consensus having expected revenue of $5.808 billion (up 9.14% year-over-year) and adjusted EPS of $2.80.

The broader Aerospace and Defense sector experienced significant selling pressure. Among peer stocks, Boeing fell 3.27%, Rocket Lab USA fell 7.89%, RTX Corp fell 1.24%, GE Aerospace fell 3.63%, and Lockheed Martin fell 2.07%. Prior to earnings, RBC Capital Markets had cut its price target on L3Harris Technologies, Inc. to $310 from $365 while maintaining a Sector Perform rating, reflecting tempered expectations heading into the report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)