RTX Corporation (RTX): Raytheon Q2 EPS $2.97 vs 69c Raytheon...

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Thursday, 07/26/2007 4:59:01 PM

Thursday, July 26, 2007 4:59:01 PM

Raytheon Q2 EPS $2.97 vs 69c

Raytheon Q2 EPS $2.97 vs 69c
By Michael Kitchen
Last Update: 7:15 AM ET Jul 26, 2007

NEW YORK (MarketWatch) -- Raytheon Co. (RTN) reported Thursday its second-quarter profit jumped to $1.33 billion, or $2.97 per share, from $310 million, or 69 cents per share, in the same quarter a year before. Net sales for the Waltham, Mass.-based defense company totaled $5.42 billion, compared $4.97 billion a year earlier. The company said its earnings from continuing operations were 79 cents a share, up from 61 cents a share, due to operational improvements, lower net interest and fewer pension expenses. A poll of analysts by Thomson Financial had forecast earnings of 68 cents per share. Raytheon also raised its outlook for earnings from continuing operations in 2007 to $3.05-$3.20 from a previous estimate of $2.85-$3.00.

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