Message Font: Serif | Sans-Serif
 
No. of Recommendations: 1
Can't seem to locate a news release on either Reuters or the Business Wire, but CNBC has been reporting all morning that Raytheon has told analysts that it expects a shortfall in both revenues and profit margins due to a reduction in govt contracts.

The company said it was revising earnings estimates for this year and next.

Since the stock has been halted from trading, I would expect that means a press release will be issued by the company shortly. Check our news link above for further details.

Jeanie
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.