Raytheon Co. (RTN) Tops Q1 EPS by 10c; Issues Mixed Outlook

Raytheon Co. (NYSE: RTN) reported Q1 EPS of $1.87, $0.10 better than the analyst estimate of $1.77. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.5 billion.

"Raytheon delivered solid operating performance in the first quarter," said Thomas A. Kennedy, Raytheon's CEO. "Our longstanding focus on operational excellence, consistent program performance and a portfolio of affordable and innovative solutions provides a strong foundation for ongoing value creation for our global customers and shareholders."

Raytheon Co. sees FY2014 EPS From Continuing Operations of $6.74-$6.89, versus the consensus of $6.94. Sees sales of $22.5-$23 billion, versus the consensus of $22.82 billion.

For earnings history and earnings-related data on Raytheon Co. (RTN) click here.

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