Raytheon says Q1 sales, profit likely above guidance, CFO steps down

Raytheon Technologies Corp. said late Friday it is likely to report first-quarter results above guidance, and announced that it had a new chief financial officer. Raytheon previously called for first-quarter sales between $14.8 billion and $15.4 billion, and first-quarter adjusted per-share earnings between 70 cents and 75 cents.

Raytheon says Q1 sales, profit likely above guidance, CFO steps down

Raytheon Technologies Corp. said late Friday it is probably going to report first-quarter results above direction, and declared that it had another CFO. Raytheon recently called for first-quarter deals between $14.8 billion and $15.4 billion, and first-quarter changed per-divide profit among 70 pennies and 75 pennies. In view of starter results, deals are probably going to come in over the direction's mid-point, and changed EPS is probably going to come in the middle of 87 pennies and 90 pennies, Raytheon said. In a similar articulation, the organization said that Chief Financial Officer Anthony O'Brien has ventured down, and that Neil Mitchill, the VP of monetary arranging and financial backer relations, has been selected as his substitution.

Mitchill will report straightforwardly to Chief Executive Officer Greg Hayes. Mitchill was named in 2019 as the acting senior VP and CFO of United Technologies Corp., a part where he served until the consolidation between the two organizations. Raytheon shares rose 0.4% after the news, and finished the customary exchanging meeting up 1.1%.