Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Defense Business Boomed at Raytheon in 2022 -- Or Did It?

TheMotleyFool

0 0

Defense Business Boomed at Raytheon in 2022 -- Or Did It?: https://g.foolcdn.com/editorial/images/718275/black-and-white-photo-of-a-missile-battery.jpg

Defense giant and airplane engines supplier Raytheon Technologies (NYSE: RTX) reported its Q4 and full-year 2022 earnings last week, and judging by the response, it was a success.

Investors bid up Raytheon stock by 4% in the two days after earnings came out, despite the fact that Raytheon seems to have missed analyst targets for Q4 revenue (collecting only $18.1 billion, where Wall Street had predicted $18.5 billion), and only barely beat on "adjusted" (i.e. non-GAAP) earnings -- $1.27 per share versus the expected $1.24.

Many commenters seem to be crediting Raytheon's defense business for the beat, but is that really the case?

Source Fool.com

Like: 0

RTX

Share