Raytheon (RTN) Tops Q2 EPS by 64c; Raises Outlook
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Raytheon Reports Strong Second Quarter 2016 Results
July 28, 2016 6:55 AM EDTWALTHAM, Mass., July 28, 2016 /PRNewswire/ --Â Raytheon Company (NYSE: RTN) today announced net sales for the second quarter 2016 of $6.0 billion, up 3 percent compared to $5.8 billion in the second quarter 2015.
Second quarter 2016 EPS from continuing operations was $2.38 compared to $1.65 in the second quarter 2015. Second quarter 2016 EPS from continuing operations included a tax-free gain of $0.53 related to the ThalesRaytheonSystems (TRS) transaction, discussed further below, which had been previously forecast in the third quarter of 2016. In addition, as expected, second quarter 2016 included a tax benefit of $0.10 from the new accounting standard for stock compensation,... More
