Raytheon (RTN) Tops Q2 EPS by 3c, Updates FY15 Guidance

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Raytheon Reports Solid Second Quarter 2015 Results

July 23, 2015 7:00 AM EDT

WALTHAM, Mass., July 23, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced net sales for the second quarter 2015 were $5.8 billion compared to $5.7 billion in the second quarter 2014. Second quarter 2015 EPS from continuing operations was $1.65 compared to $1.59 in the second quarter 2014. Second quarter 2015 EPS from continuing operations included a favorable FAS/CAS Adjustment of $0.10 compared to a favorable FAS/CAS Adjustment of $0.18 in the second quarter 2014. In addition, second quarter 2015 EPS from continuing operations included, as expected, a $0.29 favorable impact from a tax settlement. It also included a $0.09 unfavorable impact associated with Raytheon|Websense acquisition... More