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Raytheon Delivers Strong Third Quarter Results; Raises Guidance For Sales, Earnings

Cal Biesecker By
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Raytheon Delivers Strong Third Quarter Results; Raises Guidance For Sales, Earnings
Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported strong third quarter financial results driven by higher sales across its defense segments and improved operating performance and the company increased its outlook for the top and bottom lines this year. Net income soared 34 percent to $860 million, $3.08 earnings per share (EPS), from $644 million ($2.25 EPS) a year ago, topping analysts’ expectations by 22 cents a share. Sales increased 9 percent to a record $7.4 billion from $6.8 billion a year ago.…

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