Bulletin
Investor Alert

New York Markets Open in:

Market Pulse Archives

July 25, 2019, 7:10 a.m. EDT

Raytheon's stock rallies after big profit beat, raised outlook

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Raytheon Co. (RTN)
  • X
    United Technologies Corp. (UTX)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Raytheon Co. /zigman2/quotes/203226062/composite RTN -0.47% rose 1.0% in light premarket trading Thursday, after the defense contractor, which is in the process of merging with United Technologies Corp. /zigman2/quotes/203237915/composite UTX -1.16% , reported a second-quarter profit that was well above expectations and raised its full-year outlook. Net income rose to $817 million, or $2.92 a share, from $800 million, or $2.78 a share, in the year-ago period. The FactSet EPS consensus was $2.64. Sales increased 8.1% to $7.16 billion, above the FactSet consensus of $7.04 billion, as bookings rose 9.0% to $9.48 billion. Sales for the company's integrated defense systems, intelligence, information and services, missile systems and space and airborne systems business segments all rose, and topped expectations. For 2019, Raytheon raised its EPS outlook to $11.50 to $11.70 from $11.40 to $11.60 and its sales guidance to $28.8 billion to $29.3 billion from $28.6 billion to $29.1 billion. The stock has rallied 20.1% year to date through Wednesday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.40% has gained 16.9%.

/zigman2/quotes/203226062/composite
US : U.S.: NYSE
$ 217.07
-1.02 -0.47%
Volume: 929,445
Nov. 20, 2019 6:30p
P/E Ratio
18.57
Dividend Yield
1.74%
Market Cap
$60.73 billion
Rev. per Employee
$403,851
loading...
/zigman2/quotes/203237915/composite
US : U.S.: NYSE
$ 146.65
-1.72 -1.16%
Volume: 2.65M
Nov. 20, 2019 6:30p
P/E Ratio
24.78
Dividend Yield
2.00%
Market Cap
$128.06 billion
Rev. per Employee
$277,021
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,821.09
-112.93 -0.40%
Volume: 260.24M
Nov. 20, 2019 5:03p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.