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Business/Financial

Raytheon Posts Solid Third Quarter Results On Missile, Radar Programs

By Cal Biesecker

Thursday, October 26th, 2017

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Raytheon Posts Solid Third Quarter Results On Missile, Radar Programs

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Led by strong results in its businesses that produce missile and sensor systems, Raytheon [RTN] on Wednesday reported solid third quarter financial results with earnings and sales both higher.Net income increased 5 percent to $572 million, $1.97 earnings per share (EPS), from $544 million ($1.84 EPS) a year ago, beating consensus estimates by six cents a share. Business segment margins remained level at 13 percent while overall operating margin slipped 10 basis points to 13.7 percent.Sales were also up 5…

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