Raytheon: 3Q Earnings Snapshot
WALTHAM, Mass. (AP) _ Raytheon Co. (RTN) on Thursday reported third-quarter profit of $644 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $2.25.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The defense contractor posted revenue of $6.81 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $6.67 billion.
Raytheon shares have declined 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has decreased roughly 1 percent. The stock has declined almost 4 percent in the last 12 months.