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It expects 2018 earnings from continuing operations of between $9.77 and $9.97 per share, up from a previously forecast range of $9.70 to $9.90 per share. Two cents of that higher amount is due to taxes and the other 5 cents due to operational improvements in the quarter, O’Brien said. Raytheon expects annual sales of between $26.7 billion and $27.2 billion, the company said, some $200 million higher than its prior forecast. Revenue rose 5.5 percent to $6.63 billion in the second quarter ended July 1, on higher sales in its missile systems business, its biggest.
Income from continuing operations attributable to common stockholders rose to $2.78 per share in the second quarter, from $1.89 per share a year earlier, helped chiefly by lower taxes, Analysts, on average, had expected quarterly earnings of $2.35 per share, and revenue of $6.51 billion, according to Thomson Reuters I/B/E/S, The results come as Raytheon, like other U.S, defense contractors, including Lockheed Martin (LMT.N) and Boeing Co (BA.N), benefit from stronger global demand for fighter jets, tanks and tng enterprise blue print cufflinks other weapons..
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin on Thursday said he was very disappointed over Qualcomm Inc’s (QCOM.O) failed bid to buy NXP Semiconductors NV (NXPI.O) after China did not approve the deal, calling it “unfortunate.”. “I’m very disappointed that they didn’t get regulatory approval,” Mnuchin told CNBC in an interview. “Unfortunately, I think this is another example of where it was approved in every single other territory. We’re just looking for U.S. companies to be treated fairly.”.
FRANKFURT (Reuters) - German carmaker Daimler (DAIGn.DE) on Thursday said it was looking at ways to mitigate the impact of a trade war between China and the United States, a step which includes a review of whether to shift some U.S, production to Asia, Since tng enterprise blue print cufflinks July, the Mercedes-Benz GLE sports utility vehicle which is built in Tuscaloosa, Alabama is being hit by tariffs when it is exported to China, hurting Daimler profits, Asked whether Daimler would consider manufacturing the Mercedes GLE at its factory in Beijing, Chief Executive Dieter Zetsche said, “Of course we look at when parameters change, and how one could react to this, and whether we can set ourselves up in a better way.”..
LONDON (Reuters) - Sky SKYB.L posted double-digit earnings growth after it added another 500,000 customers in its latest financial year, showing why Comcast and Rupert Murdoch’s Fox are slugging it out to buy the European pay-TV leader. “It’s been an exceptional year of progress, delivering against our plans but also laying the groundwork for the future,” Chief Executive Jeremy Darroch told reporters. “[We are] excited about the opportunities ahead no matter what our future ownership structure is, we’re certainly not slowing down.”.
U.S, cable company Comcast (CMCSA.O) is leading the race to buy Sky after it offered 14.75 pounds a share this month, valuing the group at $34 billion, The bid came just hours after Fox (FOXA.O) had upped its own bid to 14 pounds, Sky, tng enterprise blue print cufflinks which is already 39 percent owned by Fox, reported a 11 percent rise in core earnings for its established business to 2.5 billion pounds ($3.3 billion) for the year to June 30, Revenue was up 5 percent to 13.59 billion pounds, beating a forecast by UBS, as the company said more than 23 million European households were subscribing to 63 million pay-TV, broadband and mobile services..
Darroch said Sky’s content in sport, drama and entertainment would be bolstered by new partnerships with Netflix, BT Sport, Mediaset Premium and Spotify. Shares in Sky are trading at record levels, and above Comcast’s latest offer, as investors bet that Fox will return with a higher bid. They were up marginally at 1,511 pence at 1240 GMT. Lee Wild, head of equity strategy at Interactive Investor, said Sky had shown just why Fox and Comcast were fighting tooth and nail for control of the satellite broadcaster.
“These numbers and a bullish plan for further aggressive growth in the current tng enterprise blue print cufflinks financial year are clearly presented to squeeze the maximum from potential buyers,” he said, “It could work.”, (For a graphic on 'Sky share price as percentage of competing cash offers' reut.rs/2JU0WRn), The fight for Sky had been played out in the shadow of a bigger battle in the United States between Comcast and Disney (DIS.N) to buy most of Fox’s assets, including its stake in Sky, Comcast conceded that contest to Disney a week ago, in part because the bidding war was inflating the value of Sky, given Fox’s partial ownership, according to sources..
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