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Raytheon: 2Q Earnings Snapshot

July 25, 2019

WALTHAM, Mass. (AP) _ Raytheon Co. (RTN) on Thursday reported second-quarter profit of $817 million.

On a per-share basis, the Waltham, Massachusetts-based company said it had profit of $2.92.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.

The defense contractor posted revenue of $7.16 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $7.01 billion.

Raytheon shares have increased 20% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has dropped 6.5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RTN at https://www.zacks.com/ap/RTN

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