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Industrial Goods | Aerospace/Defense Products & Services | USA
Raytheon Beats Q4 Earnings Estimate; Weaker Guidance Hits Defense Group Shares
Raytheon posted stronger-than-expected fourth quarter earnings Thursday as weapons sales, including Tomahawk missles increased over the final three months of the year.
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Raytheon said earnings for the three months ending in December came in at $2.93 each, topping the Street forecast of $2.89 as revenues grew 8.5% to $7.36 billion, just shy of the consensus estimate of $7.46 billion. The group also recorded total booking of $8.447 billion, bringing the company's backlog to $42.42 billion.
Looking into the first quarter of 2019, Raytheon sees total sales in the range of $6.45 billion to $6.575 billion, jsut shy of the Street consensus of $6.77 billion, with earnings pegged in the range of $2.37 to $2.42, well shy of the $2.68 consensus.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: RTNc1dl1520.png]](https://finviz.com/publish/013119/RTNc1dl1520.png)
Raytheon Beats Q4 Earnings Estimate; Weaker Guidance Hits Defense Group Shares
Raytheon posted stronger-than-expected fourth quarter earnings Thursday as weapons sales, including Tomahawk missles increased over the final three months of the year.
...
Raytheon said earnings for the three months ending in December came in at $2.93 each, topping the Street forecast of $2.89 as revenues grew 8.5% to $7.36 billion, just shy of the consensus estimate of $7.46 billion. The group also recorded total booking of $8.447 billion, bringing the company's backlog to $42.42 billion.
Looking into the first quarter of 2019, Raytheon sees total sales in the range of $6.45 billion to $6.575 billion, jsut shy of the Street consensus of $6.77 billion, with earnings pegged in the range of $2.37 to $2.42, well shy of the $2.68 consensus.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
