leadf
logo-loader
viewRaytheon

Raytheon sees third quarter profit beat forecasts, but revenue a touch below expectations

The defence contractor said its quarterly net income was US$572mln, or US$1.97 per share, up from US$544mln, or US$1.84 per share a year earlier, and above the consensus estimate for US$1.91 per share

Missiles
The group’s revenue for the quarter was US$6.28bn, up from US$6.01bn a year earlier, but that was a touch below consensus for US$6.33bn

Raytheon Co.(NYSE:RTN) has posted third quarter profit slightly above market estimates, but its revenue for the period was a touch below expectations.

The defence contractor said its quarterly net income was US$572mln, or US$1.97 per share, up from US$544mln, or US$1.84 per share a year earlier, and above the consensus estimate for US$1.91 per share.

The group’s revenue for the quarter was US$6.28bn, up from US$6.01bn a year earlier, but that was a touch below consensus for US$6.33bn.

The company said sales of its missile systems were up 10% year-over-year.

Raytheon’s chief executive Thomas Kennedy said: "Global customer demand drove an increase in our backlog, which positions us well for continued growth in 2018.”

In pre-market trading in New York, Raytheon shares were 0.1% lower at US$189.00.

Quick facts: Raytheon

Price: - -

NYSE:RTN
Market: NYSE
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Sirius Real Estate: Building a solid foundation block by block

Proactive Analyst Ed Stacey presents his research into Sirius Real Estate. Stacey talks through the investment case, which he believes has great returns and solid foundations. He says Sirius Real Estate has been a stand-out performer within the UK listed commercial real estate sector over the...

1 hour, 5 minutes ago

2 min read