Key takes
RTX (RTX) and Lockheed Martin (LMT) shares headed in the opposite direction on Tuesday after two large -scale defense contractors reported the quarterly results.
RTX shares rose by more than 2 % by Pratt & Whitney Engines manufacturers of $ 1.54 in the fourth quarter of coordination (EPS), $ 1.5 to $ 21.62 billion, an increase of 9 % year -on -year. Both exceeded the prediction of the analyst edited by the visible alpha.
Pradt & WHITNEY DIVISION sales increased by 18 % in the Collins Aerospace, rising 6 % to $ 7.54 billion, and Raytheon gained $ 7.16 billion to $ 7.16 billion.
RTX is looking at the adjusted EPS of $ 83 billion to $ 84 billion, from $ 6.00 to $ 6.15.
Loss of existing classification programs hits the result of Lockheed Martin
Lockheed Martin’s shares sinked nearly 8 % due to the company missing the estimation of sales and issuing a weaker profit guidance than expected.
The adjusted EPS arrived at $ 7.67, excluding a tax -out loss of $ 5.45 per share in a classified program. Profit fell 1.3 % to $ 18.62 billion. An analysts investigated by the visible Alpha hoped $ 18.86 billion.
The loss of the existing classification program in the business segment of aviation, missile and fire management (MFC) came after a review that the company was determined to be more expensive to satisfy the required milestones.
Lockheed Martin expects an EPS for a year from $ 27.00 to $ 27.30. The visible alpha prediction was $ 27.44.
RTX shares have been traded in the highest ever. Lockheed Martin’s shares rose almost 8 % last year, despite today’s selling.
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