Raytheon posts better-than-expected profit and sales, shares jump
Written by Reuters -
39
The Raytheon stand is seen at the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, 21 June 2019. - Reuters
US aerospace manufacturer Raytheon Technologies Corp reported better than expected quarterly profit and sales Tuesday but forecast lower than expected 2021 revenue amid a slow global economic environment triggered by disruptions from the COVID-19 pandemic.
Shares of the company rose as much as 6% in early trading after the company said its free cash flow could almost double to $4.5 billion in 2021.
However, the company provided a full-year revenue outlook of about $63.4 billion to $65.4 billion which was below analysts’ estimate for revenue of about $67.28 billion.
Thermal Imaging Market Trends, Revenue Analysis, Competitive Landscape, Future Prospects and Forecast 2023
texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Konzepttraktor von Steyr bei Good Design Awards 2020 ausgezeichnet
landwirt.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from landwirt.com Daily Mail and Mail on Sunday newspapers.
Aircraft Landing Gear and Brakes Market Global Insights, Size, Demand and Outlook 2021 to 2026
dailyherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyherald.com Daily Mail and Mail on Sunday newspapers.
Smart Homes Technology Market: Asia Pacific Industry Analysis and Opportunity Assessment 2021
sandiegosun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sandiegosun.com Daily Mail and Mail on Sunday newspapers.