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
04/20/201516:10:16Raytheon to Invest $1.7 Billion in New Cyber Venture -- Update
04/20/201507:04:38Current Report Filing (8-k)
04/20/201507:00:00Raytheon and Vista Equity Partners enter agreement to form new...
04/20/201500:35:13Raytheon Sets Up Big Cyber Venture
04/17/201511:09:02This Dividend Stock Is the Closest Thing to an ATM You'll Find
04/17/201508:30:00Raytheon awarded more than $2 billion for an International Patriot...
04/15/201508:00:00Raytheon's newest JSOW variant enters operational testing
04/14/201514:00:00Raytheon to test new multi-mode seeker for Tomahawk cruise missile
04/14/201508:00:00US Air Force completes operational testing on Raytheon's MALD-J
04/14/201508:00:00Raytheon Company to release first quarter 2015 results on April...
04/14/201507:06:023 Promising Financial Stocks Under $10
04/14/201502:25:32ModernGraham Quarterly Valuation Of Raytheon Corporation
04/13/201510:00:00A Full Year of Milestones for Raytheon's Air & Missile Defense...
04/13/201508:00:00Superstars of selflessness
04/13/201505:56:42Dividend Growth Update - First Quarter 2015
04/12/201521:03:18My K.I.S.S. Dividend Portfolio: 1st Quarter 2015 Update
04/10/201504:39:26Kongsberg Gruppen Gets NOK168 Million Air Defence System Deal
04/09/201511:00:00Raytheon Honors Supplier Commitment to Customer Success
04/09/201510:00:00Raytheon, Kongsberg team on Naval Strike Missile
04/09/201508:00:00Small Diameter Bomb II completes System Verification Review

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad