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Raytheon (RTN) Reports Mixed Q2 Results; Cuts FY10 Sales Outlook

July 29, 2010 7:11 AM EDT
RTN Hot Sheet
Revenue Growth %: -2.0%

Financial Fact:
Research and development expenses: 168M

Today's EPS Names:
TARO, BRLI, TLB, More
Raytheon (NYSE: RTN) reports Q2 EPS of $1.36, ex-items, versus the analyst estimate of $1.19. Revenue for the quarter was $6.1 billion, which compares to the estimate of $6.43 billion.

Lowers its FY10 sales guidance from $25.9-$26.4 to $25.6-$26.1 billion, reaffirms EPS view. The Street is currently looking for FY10 sales of $26.2 billion.

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