(Boursier.com) — Raytheon Technologies, the U.S. defense contractor, said it posted net income of $1.42 billion, or 96 cents per share, in the fourth quarter, more than double the $686 million, or 46 cents per share, recorded in during the corresponding period of the previous year. Adjusted earnings per share were $1.27, versus a FactSet consensus of $1.24. Sales reached $18.09 billion from $17.04 billion a year ago, below the FactSet consensus of $18.2 billion. Over the year, sales totaled $67.1 billion, for adjusted EPS of $4.78 and free cash flow of $4.9 billion.
Raytheon forecasts for 2023 revenues of 72 to 73 billion dollars, adjusted EPS of 4.9 to 5.05$ and free cash flow of around 4.8 billion. Share buybacks are expected to reach $3 billion.
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