Raytheon Co Reveals Advance In Q3 Earnings

(RTTNews) - Raytheon Co (RTN) revealed earnings for its third quarter that advanced from the same period last year.

The company's profit totaled $860 million, or $3.08 per share. This compares with $644 million, or $2.25 per share, in last year's third quarter.

Analysts had expected the company to earn $2.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.4% to $7.45 billion from $6.81 billion last year.

Raytheon Co earnings at a glance:

-Earnings (Q3): $860 Mln. vs. $644 Mln. last year. -EPS (Q3): $3.08 vs. $2.25 last year. -Analysts Estimate: $2.86 -Revenue (Q3): $7.45 Bln vs. $6.81 Bln last year.

-Guidance: Full year EPS guidance: $11.70 - $11.80 Full year revenue guidance: $29.1 - $29.4 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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