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Raytheon Posts Strong Gain In Net Income Despite Dip In Sales

Defense Daily Staff Defense Daily Staff
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Raytheon [RTN] yesterday reported higher net income in its first quarter driven by the absence of a charge that dented earnings a year ago and improved performance at some of its segments, which boosted overall margins and led the company to increase its earnings guidance for the year. Net income climbed 17 percent to $448 million, $1.32 earnings per share (EPS), versus $384 million ($1.06 EPS) a year ago. Excluding discontinued operations, Raytheon’s per share earnings were $1.33 in the…

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