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Business/Financial

Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

By Cal Biesecker

Thursday, October 25th, 2018

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Lower Taxes, Improved Performance Drive Strong Third Quarter At Raytheon

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported higher sales and earnings in its third quarter with the company benefiting in large part from international and classified work, lower taxes and improved operational performance, and the company raised its top and bottom line guidance for 2018.Net income rose 19 percent to $644 million, $2.25 earnings per share (EPS), from $542 million ($1.97 EPS) a year ago, handily topping consensus estimates by 28 cents a share.Sales increased 8 percent to $6.8 billion from $6.3…

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