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L3Harris

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Reuters - 1 week geleden

3M CFO Patolawala to leave company, to serve as ADM's new finance chief

UPDATE 4-ADM names 3M's Patolawala as its CFO amid US government investigation Recasts paragraph 1, adds details and background between paragraphs 4-9 July 10 (Reuters) - Archer-Daniels-Midland ADM.N named manufacturing giant 3M's MMM.N Monish Patolawala as its CFO on Wednesday, as the grain trader tries to steer its way through multiple U.S. government investigations related to accounting irregularities.
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Reuters - 4 weken geleden

Northrop Grumman dips as Bernstein downgrades on delayed catalysts

BUZZ-Northrop Grumman dips as Bernstein downgrades on delayed catalysts ** Northrop Grumman's NOC.N shares down 1.4% at $428.29 early Fri after Bernstein cuts defense contractor to "market-perform" from "outperform" saying it's waiting longer for key catalysts ** Brokerage cuts PT from $535 to $477 vs Street median of $492.43, per LSEG ** Areas of space, the B-21 bomber and NOC's Sentinel intercontinental ballistic missile (ICBM) program had set co on a strong growth path, but all of this is now
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Reuters - 1 maand geleden

BofA raises 3M PT, upgrades to 'buy' on new CEO's focus on growth

BUZZ-BofA raises 3M PT, upgrades to 'buy' on new CEO's focus on growth ** BofA Global Research raises PT of 3M Co MMM.N to $120 from $105, upgrades to "buy" from "neutral" ** Brokerage says it sees new CEO refocusing co on growth and operations ** "With major litigation settlements behind it and uncertainty about remaining lawsuits reduced, investo
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Reuters - 2 maanden geleden

Viasat shares fall as slowing fixed broadband hurts revenue outlook

Viasat shares fall as slowing fixed broadband hurts revenue outlook May 21 (Reuters) - Viasat VSAT.O forecast annual revenue below Wall Street estimates in anticipation of a slowdown in its satellite services business, sending its shares down more than 11% after the bell on Tuesday. The company said it expects revenue from its satellite services to decline in low to mid-single digits as its U.S.
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Reuters - 2 maanden geleden

3M rises after brokerage upgrades to "buy"

BUZZ-3M rises after brokerage upgrades to "buy" ** Shares of industrial conglomerate 3M Co MMM.N rise 3.5% to $104.79 ** Vertical Research Partners upgrades MMM to "buy" from "hold", citing an upside scenario despite uncertainties in company's outlook ** With new CEO Bill Brown's onboarding, brokerage expects company's focus on rejuvenating growth
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Reuters - 2 maanden geleden

Norway sovereign wealth fund excludes three companies over ethical concerns

UPDATE 1-Norway sovereign wealth fund excludes three companies over ethical concerns Adds details from paragraphs 3-8 May 15 (Reuters) - Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns. Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone APSE.NS , L3Harris Technologies LHX.N and China's Weichai
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Reuters - 2 maanden geleden

Norges Bank excludes three companies from government pension fund

Norges Bank excludes three companies from government pension fund May 15 (Reuters) - The Norwegian central bank on Wednesday said it has excluded three companies from its government pension fund. Norges Bank said in a statement it has decided to exclude India's Adani Ports and Special Economic Zone APSE.NS , L3Harris Technologies LHX.N and China's Weichai Power 000338.SZ , due to ethical concerns.
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Reuters - 2 maanden geleden

Norges Bank Investment Mgmt Says Norges Bank Decided To Exclude Three Companies From Government Pension Fund Global

BRIEF-Norges Bank Investment Mgmt Says Norges Bank Decided To Exclude Three Companies From Government Pension Fund Global May 15 (Reuters) - NORGES BANK INVESTMENT MGMT- NORGES BANK BOARD HAS DECIDED TO EXCLUDE COMPANY ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD DUE TO UNACCEPTABLE RISK NORGES BANK INVESTMENT MANAGEMENT- DECIDED TO EXCLUDE L3HARRIS T
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Reuters - 2 maanden geleden

3M shareholders vote down executives' pay packages in annual meeting

3M shareholders vote down executives' pay packages in annual meeting May 14 (Reuters) - 3M MMM.N said on Tuesday that the annual compensation packages of certain executives, including that of former CEO Mike Roman, did not receive the requisite number of favorable shareholder votes, on an advisory basis. Roman's 2023 total compensation was $16.4 million, compared to about $14 million in 2022, even as the company dealt with the fallout from multiple lawsuits and slowing sales.
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Reuters - 2 maanden geleden

U.S. STOCKS Hilton Grand Vacations, natgas firms, Silvaco

BUZZ-U.S. STOCKS ON THE MOVE-Hilton Grand Vacations, natgas firms, Silvaco Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The main U.S. stock indexes rose on Thursday as weekly jobless claims data offered fresh evidence of a softening U.S.
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Reuters - 2 maanden geleden

BofA lifts L3Harris PT on cost optimization, margin improvement

BUZZ-BofA lifts L3Harris PT on cost optimization, margin improvement ** BofA lifts price target on U.S. defense contractor L3Harris LHX.N to $240 from $215 ** Brokerage sees co's progress on $1 bln cost savings plan through job cuts, organizational streamlining and elimination of internal redundancies as positive; says efforts will likely continue
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Reuters - 3 maanden geleden

3M beats profit estimates on improved electronics demand

UPDATE 3-3M beats profit estimates on improved electronics demand Adds executive comments in paragraph 3 and 4, analyst quote in paragraph 7 By Kannaki Deka April 30 (Reuters) - U.S. industrial giant 3M Co MMM.N posted a better-than-expected quarterly profit on Tuesday on higher sales in its electronics unit, sending its shares up about 5%. Improved demand for electronics used in mobile phones and cars helped the company that had been struggling as consumers put off buying big-ticket items amid
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Reuters - 3 maanden geleden

PREVIEW: 3M expected to notch 6.5% y/y EPS growth

RPT-BUZZ-PREVIEW: 3M expected to notch 6.5% y/y EPS growth Repeats Monday's BUZZ with no changes to text ** Shares of 3M MMM.N inch 0.4% higher amid a modest broader rally on Mon ahead of qtrly report due before market open on Tues ** Wall Street sees industrial conglomerate reporting adj EPS of $2.10, a 6.5% yr/yr gain, on rev of $7.63 bln vs $7.6
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Reuters - 3 maanden geleden

PREVIEW: 3M expected to notch 6.5% y/y EPS growth

BUZZ-PREVIEW: 3M expected to notch 6.5% y/y EPS growth ** Shares of 3M MMM.N inch 0.4% higher amid a modest broader rally on Mon ahead of qtrly report due before market open on Tues ** Wall Street sees industrial conglomerate reporting adj EPS of $2.10, a 6.5% yr/yr gain, on rev of $7.63 bln vs $7.69 bln in year-ago qtr, according to LSEG data ** C
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Reuters - 3 maanden geleden

L3Harris cuts 5% workforce in cost-saving measure

L3Harris cuts 5% workforce in cost-saving measure April 26 (Reuters) - U.S. defense contractor L3Harris LHX.N cut 5% of its workforce earlier this month in a bid to streamline its business and save costs, CEO Chris Kubasik said in a post-earnings conference call on Friday. The announcement confirms a Reuters report from Tuesday which said the company would cut 5% of its workforce this year , citing an email sent to employees.
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Reuters - 3 maanden geleden

US announces purchase of $6 bln in weapons for Ukraine

US announces purchase of $6 bln in weapons for Ukraine WASHINGTON, April 26 (Reuters) - The United States will buy $6 billion worth of new weapons for Ukraine including vehicles, interceptors for the Patriot and NASAMS air defense system, precision munitions and counter-drone systems, the Biden administration announced on Friday. Reporting by Mike
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Reuters - 3 maanden geleden

L3Harris Technologies Inc reports results for the quarter ended in March - Earnings Summary

L3Harris Technologies Inc reports results for the quarter ended in March - Earnings Summary L3Harris Technologies Inc LHX.N reported quarterly adjusted earnings of $3.06​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of $2.86. The mean expectation of twenty two analysts for the quarter was for earnings of $2.90 per share.
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Reuters - 3 maanden geleden

L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions

L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions April 25 (Reuters) - L3Harris LHX.N lifted the upper-end of its annual adjusted profit target on Thursday, betting on sustained weapons demand and robust defense spending amid escalating global security concerns. U.S. defense companies are experiencing a surge in contracts as the Russia-Ukraine war, the Middle East crisis and the specter of Chinese aggression are driving demand, but growth is still hindered by pandemi
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Reuters - 3 maanden geleden

L3Harris Q1 Adjusted EPS USD 3.06 Vs. IBES Estimate USD 2.9

BRIEF-L3Harris Q1 Adjusted EPS USD 3.06 Vs. IBES Estimate USD 2.9 Apr 25 (Reuters) - L3Harris Q1 revenue USD 5,211 million vs. IBES estimate USD 5,106 million. Q1 operating cash flow USD -156 million Q1 EPS USD 1.48 Q1 adjusted EBIT USD 788 million vs. IBES estimate USD 735.9 million Q1 net income USD 283 million vs. IBES estimate USD 547.1 million
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Reuters - 3 maanden geleden

US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

EXCLUSIVE-US defense contractor L3Harris to cut 5% of workforce to save costs, email shows By Utkarsh Shetti, Nathan Gomes and Mike Stone April 23 (Reuters) - U.S. defense contractor L3Harris Technologies Inc LHX.N will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday.
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