Raytheon beats by $0.05, misses on revs; guides FY14 in-line
Reports Q3 (Sep) earnings of $1.65 per share, $0.05 better than the Capital IQ Consensus Estimate of $1.60; revenues fell 6.3% year/year to $5.47 bln vs the $5.61 bln consensus.
Co issues in-line guidance for FY14, sees EPS of $6.77-6.87, excluding non-recurring items, from $6.74-6.89 vs. $6.85 Capital IQ Consensus Estimate; sees FY14 revs of $22.7-23.0 bln from $22.5-23.0 bln vs. $22.74 bln Capital IQ Consensus Estimate.
The Co had bookings of $5.9 billion in the third quarter 2014, resulting in a book-to-bill ratio of 1.07. In the third quarter 2013, bookings were $5.7 billion. Backlog at the end of the third quarter was $33.2 billion, an increase of ~$1.0 billion compared to the third quarter 2013. In the third quarter 2014, the Company repurchased 2.1 million shares of common stock for $200 million.
Co issues in-line guidance for FY14, sees EPS of $6.77-6.87, excluding non-recurring items, from $6.74-6.89 vs. $6.85 Capital IQ Consensus Estimate; sees FY14 revs of $22.7-23.0 bln from $22.5-23.0 bln vs. $22.74 bln Capital IQ Consensus Estimate.
The Co had bookings of $5.9 billion in the third quarter 2014, resulting in a book-to-bill ratio of 1.07. In the third quarter 2013, bookings were $5.7 billion. Backlog at the end of the third quarter was $33.2 billion, an increase of ~$1.0 billion compared to the third quarter 2013. In the third quarter 2014, the Company repurchased 2.1 million shares of common stock for $200 million.