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Business/Financial

Raytheon Posts Higher Sales, Earnings From Continuing Operations

By Cal Biesecker

Thursday, July 23rd, 2015

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Raytheon Posts Higher Sales, Earnings From Continuing Operations

Patriot Launcher Photo: Raytheon.

Raytheon [RTN] on Thursday reported higher sales in the second quarter, due mainly to international business, while its earnings from continuing operations increased slightly due to a favorable tax settlement.The company also raised its sales guidance for 2015, calling for potentially flat to a slight increase in revenue versus 2014. If Raytheon hits the upper end of its guidance range, it would mark the first time since 2010 that it has managed top line growth.Raytheon’s net income fell 8 percent…

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