Raytheon Co. (RTN) Reports In-Line Q2 EPS

Raytheon Co. (NYSE: RTN) reported Q2 EPS from continuing operations of $1.59, in-line with the analyst estimate of $1.59. Revenue for the quarter came in at $5.7 billion versus the consensus estimate of $5.58 billion.

Demand for Raytheon's innovative and affordable solutions from our global customers was strong in the quarter, and international opportunities in the second half of the year are significant," said Thomas A. Kennedy, Raytheon's CEO. "Second quarter sales, earnings and cash flow all exceeded our expectations, reflecting the continuing hard work and dedication of the Raytheon team."

The Company had bookings of $6.8 billion in the second quarter 2014, resulting in a book-to-bill ratio of 1.19. In the second quarter 2013, bookings were $5.3 billion. Year-to-date 2014 bookings were $11.1 billion compared to year-to-date 2013 bookings of $8.9 billion.

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

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Intuitive Surgiical (ISRG) beats earnings, revenue expectations in Q1
• Chemung Financial (CHMG) Tops Q1 EPS by 44c