14:12 PM
With U.S. spending cuts, and a shift away from traditional weapons programs to counterinsurgency and security networks, eyes are on defense contractor earnings next week (LMT, RTN, GR, LLL) - particularly outlooks, which are expected to be flat.
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Thursday, July 23, 2009
07:36 AMRaytheon (RTN): Q2 EPS of $1.24 beats by $0.11. Revenue of $6.1B (+4%) vs. $6.2B. (PR)
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07:28 AMRaytheon (RTN): Q1 EPS of $1.11 beats by $0.10. Revenue of $5.88B (+9.9%) vs. $5.6B. Full-year guidance in line. Shares +2.4% premarket. (PR)
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07:23 AMRaytheon (RTN): Q2 EPS of $1.00 beats by $0.07. Revenue of $5.87B (+11.2%) vs. $5.63B. Sees full-year EPS of $3.80-3.95 vs. $3.92. [PR]
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08:49 AM
Raytheon (RTN +0.3%) says it will open next week a global training division - part of a plan to grow its share in the $9B professional instruction market.
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