Raytheon (RTN) Tops Q3 EPS by 28c, Updates Guidance
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Raytheon Reports Strong Third Quarter 2018 Results
October 25, 2018 6:55 AM EDTWALTHAM, Mass., Oct. 25, 2018 /PRNewswire/ -- Raytheon Company (NYSE: RTN) today announced net sales for the third quarter 2018 of $6.8 billion, up 8.3 percent compared to $6.3 billion in the third quarter 2017. Third quarter 2018 EPS from continuing operations was $2.25 compared to $1.97 in the third quarter 2017. The increase in the third quarter 2018 EPS from continuing operations was primarily driven by operational improvements, and lower taxes primarily associated with tax reform. This was partially offset by the previously disclosed non-operating expense associated with the pension plan annuity transaction, which had an unfavorable $0.80 per share impact.
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