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Business/Financial

Raytheon Posts Higher Sales, Lower Earnings In Third Quarter

By Cal Biesecker

Thursday, October 22nd, 2015

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Raytheon Posts Higher Sales, Lower Earnings In Third Quarter

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday reported higher sales in its third quarter but earnings fell due to accounting adjustments related to the company’s acquisition this year of Websense, lower operating income, and tax related items.Despite the decline in earnings, Raytheon maintained its earnings guidance for the year and increased its target for revenue.Sales in the quarter increased 6 percent to $5.8 billion from $5.5 billion a year ago driven by increases in its Missile Systems and Integrated Defense Systems (IDS) segments…

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