Raytheon (RTN) Tops Q1 EPS by 5c; Lifts Outook

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Go back to Raytheon (RTN) Tops Q1 EPS by 5c; Lifts Outook

Raytheon Reports Solid First Quarter 2016 Results

April 28, 2016 6:55 AM EDT

WALTHAM, Mass., April 28, 2016 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced net sales for the first quarter 2016 of $5.8 billion, up 9 percent compared to $5.3 billion in the first quarter 2015.

First quarter 2016 EPS from continuing operations was $1.43 compared to $1.78 in the first quarter 2015. First quarter 2016 EPS from continuing operations included, as expected, an $0.08 unfavorable impact associated with acquisition accounting adjustments related to Forcepoint, partially offset by a tax benefit of $0.05 from adopting the new accounting standard for stock compensation, which was not in the Company's prior financial outlook. First quarter 2016 EPS from... More