Raytheon Shares Down 2+% Following Solid Q4 But Weak FY13 EPS Outlook
Raytheon Company (NYSE: RTN) earlier reported Q4 EPS of $1.41 versus the estimated $1.30, beating by $0.11. EPS were Down 11% from the same quarter last year. Revenue came in at $6.44B versus the estimated $6.41B.
The company said it is looking for FY13 EPS $5.16-5.31 vs $5.46 estimate. Sales are expected to be $23.6-24.1 billion which compares to $24.08 billion estimate.