Raytheon: 4Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Raytheon Co. (RTN) on Thursday reported fourth-quarter earnings of $832 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of $2.93.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The defense contractor posted revenue of $7.36 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $7.5 billion.
For the year, the company reported profit of $2.91 billion, or $10.15 per share. Revenue was reported as $27.06 billion.
Raytheon expects full-year earnings to be $11.40 to $11.60 per share, with revenue in the range of $28.6 billion to $29.1 billion.
Raytheon shares have risen 12 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed almost 7 percent. The stock has fallen 18 percent in the last 12 months.