CORRECTED-BUZZ-L3Harris falls after lowering annual profit forecast

Corrects third bullet to say Q4 adj. EPS beat estimate, not missed

Shares of Defense contractor L3Harris Technologies LHX.N shares drop 1.9% to $208

LHX sees FY adj. diluted EPS of $10.55 to $10.85 versus prior guidance $13.70-$14.00

Co posts Q4 adj. EPS of $3.47, beating analysts' average estimate of $3.42, as per LSEG data

Co reports Q4 rev $5.5 bln, up 3% YoY

18 of 24 analysts covering stock have a "buy" or higher rating, 5 have "hold", while 1 rates it at "sell"; mean PT is $264.46- LSEG data

Stock rose ~0.2% in 2024