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Income, Sales Slip At Raytheon In Third Quarter; Guidance Increased

Gally Articola
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Raytheon [RTN] on Oct. 24 said its third quarter earnings and sales both fell slightly but the company’s results beat expectations and the outlook for sales, earnings and cash were all increased for 2013. Net income edged down 2 percent to $489 million, $1.51 earnings per share (EPS), from $500 million ($1.50 EPS). Per share earnings eked out a slight gain due to a reduction in the overall count of the company’s stock shares, which declined due to the repurchase of…

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