Software kingpin Microsoft late Tuesday beat Wall Street's targets for the December quarter. But Microsoft stock continued its month-long slide. Read More...
Barrons.com
Raytheon Stock Falls as Fourth-Quarter Revenue and Outlook Miss Forecasts
Shares of Raytheon fell 3.5% in premarket trading Tuesday after the aerospace and defense company reported fourth-quarter profit that topped Wall Street forecasts, but revenue that missed expectations. Raytheon (ticker: RTX), whose Pratt and Whitney unit supplies aircraft engines to companies like Boeing, posted adjusted earnings of $1.08 a share in the fourth quarter on revenue of $17.04 billion. Analysts surveyed by FactSet had expected Raytheon to earn $1.02 a share on revenue of $17.3 billion.
