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Raytheon profit beats expectations; shares drop on unchanged outlook
April 25 (Reuters) - Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged.
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Income from continuing operations jumped to $775 million, or $2.77 per share, in the quarter ended March 31, from $624 million, or $2.20 per share, a year earlier. Revenue rose 7.4 percent to $6.73 billion.
Analysts on average had expected first-quarter earnings of $2.47 per share on revenue of $6.62 billion, according to IBES data from Refinitiv.
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The company reaffirmed it expected earnings per share from continuing operations to be between $11.40 and $11.60 in 2019. It also left its forecast for net sales for the year in a range of $28.6 billion to $29.1 billion.
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https://finance.yahoo.com/news/raytheon-...50109.html
![[Bild: RTNc1dl1520.png]](https://finviz.com/publish/042519/RTNc1dl1520.png)
April 25 (Reuters) - Shares of Raytheon Co slumped nearly 6 percent on Thursday after the U.S. weapons maker reported a jump in its quarterly profit but left its earnings outlook for the year unchanged.
...
Income from continuing operations jumped to $775 million, or $2.77 per share, in the quarter ended March 31, from $624 million, or $2.20 per share, a year earlier. Revenue rose 7.4 percent to $6.73 billion.
Analysts on average had expected first-quarter earnings of $2.47 per share on revenue of $6.62 billion, according to IBES data from Refinitiv.
...
The company reaffirmed it expected earnings per share from continuing operations to be between $11.40 and $11.60 in 2019. It also left its forecast for net sales for the year in a range of $28.6 billion to $29.1 billion.
...
https://finance.yahoo.com/news/raytheon-...50109.html
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