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Business/Financial

Raytheon’s Income, Sales Dip In Fourth Quarter

By Cal Biesecker

Thursday, January 26th, 2017

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Raytheon’s Income, Sales Dip In Fourth Quarter

Raytheon Chairman and CEO Tom Kennedy. Photo: Raytheon

Raytheon [RTN] on Thursday posted lower earnings and sales in its fourth quarter driven primarily by international programs at one of its segments.Net income slipped 5 percent to $544 million, $1.84 earnings per share (EPS), from $571 million ($1.89 EPS) a year ago, falling short of consensus estimates by two pennies, in part due to a discretionary pre-tax pension contribution that wasn’t in Raytheon’s forecast. Sales dipped one percent to $6.2 billion from $6.3 billion a year ago, with the…

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