ADVFN - Advanced Financial Network.
HOME» NYSE » R » RTN Stock Price » RTN Stock News

Raytheon Share News

 Raytheon Co. Stock Price
RTN Stock Price
 Raytheon Co. Stock Chart
RTN Stock Chart
 Raytheon Co. Stock News
RTN Stock News
 Raytheon Co. Company Information
RTN Company Information
 Raytheon Co. Stock Trades
RTN Stock Trades

Raytheon 4Q Profit Rises 18% On Lower Costs

DOW JONES NEWSWIRES Raytheon Co.'s (RTN) fourth-quarter earnings rose 18% as the defense company benefited from lower costs, though it reported broadly weaker sales. For the year, the company projected per-share earnings of $5.45 to $5.60 on revenue $24.5 billion to $25 billion. Analysts polled by Thomson Reuters recently expected $5.23 and $25.13 billion, respectively. Raytheon and other defense companies have been diversifying into growing areas such as cybersecurity and seeking international growth in response to lean U.S. defense spending. Raytheon in November won approval from the U.S. Congress and the State Department to upgrade Saudi Arabia's missile-defense system, in a deal valued at $1.7 billion. The space and airborne systems segment, which includes Applied Signal Technology Inc., which it acquired early last year, was the only segment to see sales growth in the latest period, up 3%, while segment operating earnings grew 31%. Raytheon reported a profit of $543 million, or $1.57 a share, up from $459 million, or $1.25 a share, a year earlier. The latest period included a penny loss from discontinued operations, while the prior-year loss was 11 cents. Excluding pension and early debt retirement impacts, earnings were up at $1.74 from $1.55. Revenue decreased 6.4% to $6.44 billion. Analysts polled by Thomson Reuters most recently projected earnings of $1.34 on revenue of $6.73 billion. The latest period had five fewer workdays. Gross margin rose to 22% from 20% on lower costs. Operating expenses were down 8.2%. Bookings were up at $7.1 billion, from $5.98 billion a year earlier. Backlog at year's end rose to $35.31 billion from $34.55 billion. Sales of missiles, its largest segment by revenue, fell 5% though segment operating profit improved by 23%. Shares closed Wednesday at $49.71 and were inactive premarket. The stock is up roughly %2.8 this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Raytheon (RTN)
DateTimeHeadline
02/11/201614:27:50Schedule 13g<br /> (sc 13g/a)
02/10/201612:43:02Amended Statement of Ownership (sc 13g/a)
02/10/201610:30:11Amended Statement of Ownership (sc 13g/a)
02/10/201608:00:00Raytheon performance, deliveries continue for Zumwalt
02/05/201609:22:00Raytheon to complete modernization of air traffic control system...
02/04/201608:00:00Raytheon partners with Totara Learning to offer flexible, innovative...
02/03/201617:13:34Statement of Changes in Beneficial Ownership (4)
02/02/201608:00:00Future drones, planes, missiles no match for new Raytheon radar
01/28/201623:44:00Defense Companies Feel Oil's Knock
01/28/201620:11:00Raytheon kill vehicle succeeds in developmental flight test
01/28/201620:02:00Defense Companies Feel Oil's Knock
01/28/201618:56:00Raytheon awarded $564 million contract for Joint Polar Satellite...
01/28/201610:22:00Raytheon Posts Better-than-Expected Profit
01/28/201608:20:00Raytheon Posts Better-than-Expected Profit
01/28/201607:52:00Raytheon Posts Better-than-Expected Profit
01/28/201607:01:57Current Report Filing (8-k)
01/28/201606:55:00Raytheon Reports Solid Fourth Quarter and Full-Year 2015 Results
01/28/201604:20:00South Korea Warms to U.S. Missile Shield
01/26/201617:04:26Statement of Changes in Beneficial Ownership (4)
01/22/201617:07:33Statement of Changes in Beneficial Ownership (4)

Raytheon and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad