Raytheon (RTN) Tops Q1 EPS by 5c; Lifts Outook

Raytheon (NYSE: RTN) reported Q1 EPS of $1.43, $0.05 better than the analyst estimate of $1.38. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.45 billion.

GUIDANCE:

Raytheon sees FY2016 EPS of $6.93-$7.13, versus prior guidance of $6.80-$7.00 and the consensus of $7.03. Raytheon sees FY2016 revenue of $24-24.5 billion, versus prior guidance of $24-24.5 billion and the consensus of $24.34 billion.

"Raytheon had a good start to 2016 with bookings, sales, EPS and cash flow ahead of our expectations in the quarter," said Thomas A. Kennedy, Raytheon Chairman and CEO. "Demand from our global customers continues to be strong, with particular strength in bookings from domestic as well as the Middle East and North Africa region."

For earnings history and earnings-related data on Raytheon (RTN) click here.

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