LHX · PEAD ↓ 80

L3Harris reported Q2 2026 EPS of $3.13 on 2026-07-29, beating the $2.80 consensus by $0.33 (+11.8%); prior-year EPS not available in our feed.

Print-day reaction was -2.5% versus the prior close, an immediate sell-the-news reversal despite the EPS beat. The overnight gap to the T+1 open extended the damage by another -6.6%, signalling sustained selling pressure after hours with no stabilisation. Over the following two trading days (T+1 through T+3), the stock drifted +2.2%, a partial recovery that failed to offset the prior losses. Cumulative abnormal return of -11.2% versus SPY.US firmly places this in PEAD short territory; per the documented drift pattern, the read runs through 2026-10-26.