Wolfe Research Downgrades Raytheon (RTN) to Peerperform

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Go back to Wolfe Research Downgrades Raytheon (RTN) to Peerperform

Raytheon Reports Solid Third Quarter 2015 Results

October 22, 2015 6:59 AM EDT

WALTHAM, Mass., Oct. 22, 2015 /PRNewswire/ -- Raytheon Company (NYSE: RTN) announced net sales for the third quarter 2015 of $5.8 billion compared to $5.5 billion in the third quarter 2014. Third quarter 2015 EPS from continuing operations was $1.47 compared to $1.65 in the third quarter 2014. Third quarter 2015 EPS from continuing operations included, as expected, a $0.09 unfavorable impact associated with Raytheon|Websense (RW) acquisition accounting adjustments discussed in further detail below.

"I'm very pleased with our strong revenue growth and cash flow generation in the third quarter," said Thomas A. Kennedy, Raytheon Chairman and CEO.  "The Raytheon team... More