Raytheon increases profit, beats the analysts in Q2 - Steven Mallas

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Raytheon increases profit, beats the analysts in Q2
Jul 25, 2009 05:10 PM UTC

Steven Mallas

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Filed under: Earnings reports, Boeing Co (BA), Northrop Grumman (NOC), Raytheon Company (RTN)

Raytheon (NYSE: RTN), a defense contractor whose related companies include Northrop Grumman (NYSE: NOC) and Boeing (NYSE: BA), posted second-quarter results earlier in the week. The company seems to be performing pretty well, judging by the growth in the stats.

Net sales increased 4%. Okay, that might not sound so robust, but income from continuing operations rose 25% to $1.24 per share. According to Earnings.com, the market was only looking for $1.13 per share from Raytheon. Operating cash flow also looked good, especially once you take into account a timing element related to cash contributions for pension plans.

Continue reading Raytheon increases profit, beats the analysts in Q2

Raytheon increases profit, beats the analysts in Q2 originally appeared on BloggingStocks on Sat, 25 Jul 2009 12:10:00 EST. Please see our terms for use of feeds.

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