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4-Traders Homepage  >  Equities  >  Nyse  >  Raytheon    RTN

RAYTHEON (RTN)
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Delayed Quote. Delayed  - 04/26 10:02:21 pm
211.07 USD   -1.23%
02:36aRAYTHEON : posts strong 1Q earnings
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04/26RAYTHEON : 1Q Earnings Snapshot
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04/26RAYTHEON : Reports Strong First Quarter 2018 Results
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Raytheon : posts strong 1Q earnings

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04/27/2018 | 02:36am CEST

April 26--Defense contractor Raytheon Co. posted higher first-quarter revenue and earnings, partly due to lower costs because of the cut in the federal corporate income tax rate.

Though the results beat Wall Street expectations and Raytheon raised its outlook for the year, the company's shares fell about 1 percent in trading Thursday on the New York Stock Exchange.

Raytheon reported $6.3 billion in first-quarter revenue, up 4.5 percent, and first-quarter net income of $633 million.

Earnings, adjusted to account for discontinued operations, came to $2.20 per share, compared with earnings of $1.73 per share on a comparable basis a year ago.

The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share and revenue of $6.17 billion.

Sales at Tucson-based Raytheon Missile Systems -- Raytheon's biggest unit by revenue and Southern Arizona's largest private employer -- rose 5.2 percent to about $1.85 billion in the quarter ended April 1, driven by higher sales from classified programs.

Operating income at the missile unit fell 2 percent to $212 million due to a "change in program mix," Raytheon said.

In the first quarter, Missile Systems booked $552 million for Advanced Medium-Range Air-to-Air Missiles for the Air Force, Navy, and international customers; $186 million for Small Diameter Bomb II for the Air Force; $114 million for a thermal viewing system for Army tank commanders and $130 million on a number of classified contracts.

Raytheon's Integrated Defense Systems unit saws its quarterly sales rise 7 percent as it booked $2 billion in international orders for the Patriot missile-defense system.

The Waltham, Massachusetts, parent company slightly increased its revenue outlook this year to a range of $26.5 billion to $27 billion and said it expects full-year earnings to be slightly higher at $9.70 to $9.90 per share.

Raytheon shares closed Thursday at $211.07 per share, down $2.62 or about 1.2 percent.

Raytheon shares have risen 14 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased slightly more than 1 percent. The stock has increased 37 percent in the last 12 months.

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Contact senior reporter David Wichner at [email protected] or 573-4181. On Twitter: @dwichner. On Facebook: Facebook.com/DailyStarBiz

___

(c)2018 The Arizona Daily Star (Tucson, Ariz.)

Visit The Arizona Daily Star (Tucson, Ariz.) at www.tucson.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2018 26 738 M
EBIT 2018 4 014 M
Net income 2018 2 749 M
Debt 2018 1 392 M
Yield 2018 1,57%
P/E ratio 2018 22,90
P/E ratio 2019 19,73
EV / Sales 2018 2,41x
EV / Sales 2019 2,28x
Capitalization 63 125 M
Chart RAYTHEON
Duration : Period :
Raytheon Technical Analysis Chart | RTN | US7551115071 | 4-Traders
Technical analysis trends RAYTHEON
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 241 $
Spread / Average Target 13%
EPS Revisions
Managers
NameTitle
Thomas A. Kennedy Chairman & Chief Executive Officer
Anthony F. O'Brien Chief Financial Officer & Vice President
Mark E. Russell VP-Engineering, Technology & Mission Assurance
Kevin Neifert Chief Information Officer
William R. Spivey Independent Director
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