Raytheon (RTN) Tops Q1 EPS by 12c, Lifts FY EPS Guidance
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Raytheon Reports Solid First Quarter 2017 Results
April 27, 2017 6:55 AM EDTWALTHAM, Mass., April 27, 2017 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced net sales for the first quarter 2017 of $6.0 billion, up 3.4 percent compared to $5.8 billion in the first quarter 2016. First quarter 2017 EPS from continuing operations was $1.73, up 21.0 percent compared to $1.43 in the first quarter 2016. The increase in the first quarter 2017 EPS from continuing operations was primarily driven by operational improvements.
"Solid revenue growth and margin expansion drove strong earnings per share performance in the first quarter, with all of our businesses meeting or exceeding expectations," said Thomas A. Kennedy, Raytheon... More
