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Profits Up, Sales Down For Raytheon In Fourth Quarter; 2012 Guidance Down

Defense Daily Staff Defense Daily Staff
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Raytheon [RTN] yesterday posted strong earnings results in its fourth quarter despite a drop in sales but the company, similar to its big name competitors, offered relatively flat sales and lower earnings guidance for 2012. Net income was up sharply, 18 percent, to $543 million, $1.57 earnings per share (EPS), from $459 million ($1.25 EPS) a year ago. Excluding the impacts of discontinued operations, income was still strong, up 14 percent to $552 million ($1.58 EPS) from $474 million ($1.37…

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