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Business/Financial

International Business Helps Raytheon Post Higher Sales, Earnings

Defense Daily Staff

Friday, July 26th, 2013

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International Business Helps Raytheon Post Higher Sales, Earnings

Raytheon [RTN] yesterday reported solid second quarter results, posting increases in sales and earnings due to growing international sales, operational improvements and capital deployment actions. Net income increased nearly 4 percent to $488 million, $1.50 earnings per share (EPS), from $471 million ($1.41 EPS) a year ago, easily beating consensus estimates of $1.30 EPS. Per share earnings were up 6 percent as stock repurchases lowered the overall share count compared to a year ago. Operating margins improved 10 basis points…

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