Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 5.68%.
Raytheon Company Price and EPS Surprise
Raytheon Company Price and EPS Surprise | Raytheon Company Quote
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the second quarter of 2018. Our consensus called for EPS of $2.32, and the company reported adjusted earnings from continuing operations of $2.45 per share.
Revenue: The company also surpassed revenue expectations. Raytheon posted revenues of $6,625 million, compared to our consensus estimate of $6,499 million.
Key Stats to Note: Bookings surged 33.1% year over year during the quarter to $8.7 billion. Backlog at the end of second-quarter was $39.9 billion, which rose 10.3% compared to the previous year’s figure.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 2% thereby reflecting investors’ optimism for its second-quarter results.
Check back later for our full write up on this Raytheon earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Raytheon Company (RTN) Tops Q2 Earnings & Revenue Estimates
Raytheon Company is the world’s largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.
Currently, Raytheon has a Zacks Rank #2 (Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.
Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 5.68%.
Raytheon Company Price and EPS Surprise
Raytheon Company Price and EPS Surprise | Raytheon Company Quote
The key takeaways from this immediate announcement are highlighted below:
Earnings: Raytheon beat on earnings expectations in the second quarter of 2018. Our consensus called for EPS of $2.32, and the company reported adjusted earnings from continuing operations of $2.45 per share.
Revenue: The company also surpassed revenue expectations. Raytheon posted revenues of $6,625 million, compared to our consensus estimate of $6,499 million.
Key Stats to Note: Bookings surged 33.1% year over year during the quarter to $8.7 billion. Backlog at the end of second-quarter was $39.9 billion, which rose 10.3% compared to the previous year’s figure.
Stock Price: In the pre-market trading session, Raytheon’s shares gained 2% thereby reflecting investors’ optimism for its second-quarter results.
Check back later for our full write up on this Raytheon earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>