0926 GMT - BAE Systems released a strong set of 2024 results, with outperforming free cash flow due to high cash conversion in the Platforms and Services, and Air divisions, Berenberg analysts say. However, the London-listed aerospace and defense group's free cash flow guidance for 2025 is about 700 million pounds below consensus, they note. The implied earnings per share guidance for this year is 1% below consensus, they add. Still, the analysts believe Wednesday's results should be taken positively. Shares are down 2.4% at 13.05 pounds. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 04:26 ET (09:26 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.