** U.S. defense contractor L3Harris Technologies LHX.N shares fall 2% to $212 premarket trading
** Co cuts annual earnings forecasts after missing quarterly sales expectations, hurt by decreased volumes in its space unit and the divestment of its aviation solutions business
** Florida-based co expects an adj. profit of between $10.30 and $10.50/share in 2025, lower than its previous forecast of $10.55 to $10.85/share
** LHX posts Q1 adj. EPS of $2.41, compared with expectations of $2.32, according to data compiled by LSEG
** Co reports Q1 total revenue of $5.13 bln, lower than estimate of about $5.22 bln
** 18 of 24 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $253
** As of last close, stock had risen 2.9% YTD
(Reporting by Apratim Sarkar)
((Apratim.Sarkar@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.