Categories Earnings, Other Industries

Raytheon Company (RTN): Q3 2019 Earnings Snapshot

— Raytheon Company (NYSE: RTN) reported third-quarter 2019 earnings of $3.08 per share, vs. $2.86 per share expected, helped by operational improvements.

— Revenues rose 9.4% to $7.45 billion, vs. $7.28 billion expected.

— Bookings for the quarter improved 8.4% to $9.4 billion.

— Raytheon and United Technologies (NYSE: UTX) merger on track for completion in the first half of 2020.

— Raised full-year 2019 guidance for sales and EPS. The defense contractor currently expects net sales of $29.1 – 29.4 billion (earlier $28.8 – 29.3 billion) and EPS of $11.70 – $11.80 (earlier $11.50 – $11.70) for the fiscal year.

— RTN shares gained 1% immediately following the earnings announcement.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

Cost reduction has become a priority for FedEx (FDX) after a challenging quarter

Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for

Prime Medicine is the next big biotech to pursue IPO. Here’s all you need to know

After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG

Stock Watch: Is Darden Restaurants a good buy after earnings?

After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top