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Raytheon Delivers Strong Third Quarter, Boosts Earnings Guidance

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By Calvin Biesecker Raytheon [RTN] yesterday reported strong third quarter financial results as higher sales and improved operating margins, combined with lowered pension expense led to increased earnings. Net income jumped 15 percent to $490 million, $1.25 earnings per share (EPS), versus $427 million ($1.00 EPS) a year ago. The percentage increase in per share earnings exceeded the growth in net income due to a lower share count, which was due to the company's ongoing stock repurchase program. Earnings from…

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