Verbund AG
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Based in Austria
Company profile

VERBUND AG is an Austria-based energy company. The Company is engaged in the generation and transmission of electricity in Austria. It is also active in the energy trading markets. Through its trading platform, VERBUND Energy4Business GmbH, which trades power and energy derivatives over-the-counter and at the major power exchanges across Europe. VERBUND generates electricity via its large network of hydroelectric power plants, which accounts for approximately 90% of the power generated, supplemented by wind, solar and thermal power plants, powered by fossil fuels. The Company's transmission business is run by VERBUND-Austrian Power Grid AG, which operates, maintains and extends Austria's high-voltage and extra-high-voltage power grids. Verbund has further subsidiary operations in Germany, Italy, Poland, Hungary and Slovenia. Furthermore, the Company acquired Gas Connect Austria GmbH to operate its infrastructure.

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Raytheon sales fall slightly short of estimates as it announces to realign into three business segments

7:04 am ET January 24, 2023 (MarketWatch)

Raytheon Technologies Corp. (RTX) said Tuesday it had net income of $1.422 billion, or 96 cents a share, in the fourth quarter, more than double the $686 million, or 46 cents a share, posted in the year-earlier period. Adjusted per-share earnings came to $1.27, ahead of the $1.24 FactSet consensus. Sales rose to $18.093 billion from $17.044 billion a year ago, below the $18.200 billion FactSet consensus. The company ended the quarter with a backlog of $175 billion. The company announced a plan to streamline the company into three segments; Collins Aerospace, Pratt & Whitney and Raytheon. It expects to complete the realignment in the second half of 2023. For the full year, it now expects sales of $72.0 billion to $73.0 billion, compared with a FactSet consensus of $72.3 billion. It expects adjusted EPS of $4.90 to $5.05, compared with a FactSet consensus of $5.03.

-Ciara Linnane


(END) Dow Jones Newswires

January 24, 2023 07:04 ET (12:04 GMT)

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