— Raytheon Company (NYSE: RTN) reported its fourth-quarter 2019 earnings of $3.16 per share versus $3.12 per share expected.
— Net sales increased by 6.5% to $7.84 billion versus $8 billion expected.
— Integrated Defense Systems sales increased by 18% primarily driven by higher net sales on an international air and missile defense system program awarded in the third quarter of 2019 and an international missile defense radar program.
— Intelligence, Information, and Services sales rose by 2% primarily driven by higher net sales on classified programs in both cyber and space.
— Missile Systems sales rose by 1% primarily due to higher net sales on classified programs. Forcepoint sales rose by 3% year-over-year.
— Space and Airborne Systems sales grew by 7% helped by higher net sales on classified programs, the Next Generation Overhead Persistent Infrared program, and tactical communication systems programs.
— The company had record bookings of $12.1 billion in the fourth quarter of 2019, resulting in a book-to-bill ratio of 1.54. Fourth-quarter 2018 bookings were $8.4 billion.
— Backlog at the end of 2019 was a record $48.8 billion, an increase of $6.3 billion or 15 percent compared to the end of 2018.
— The previously announced merger with United Technologies (NYSE: UTX) is targeted to close early in the second quarter of 2020. This is subject to be the completion by United Technologies of the separation of its Otis and Carrier businesses.
Autodesk, Inc. (NASDAQ: ADSK) today reported its fourth quarter financial results for the period ended January 31, 2021. Net income for the fourth quarter was $911.3 million, or $4.10 per
Beyond Meat (NASDAQ: BYND), a specialist in plant-based meat substitutes, Thursday reported a wider loss for the fourth quarter, despite an increase in revenues. The numbers also missed the consensus
Virgin Galactic (NYSE: SPCE) reported fourth-quarter 2020 financial results after the regular market hours on Thursday. The space tourism company reported zero revenue in the fourth quarter, compared to $529,000