Enter your Email Address


Useful Links

Know What The Insiders Are Doing!
Stock Trading Software

More Links




[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]




Solid Quarter for Raytheon – Analyst Blog

Zacks Market Commentaries (October 22nd, 2009) Writes:
Raytheon Company (RTN) has posted strong third quarter earnings of $499 million or $1.25 per diluted share -- better than the Zacks Consensus Estimate of $1.16 per share. Last year, the company had reported a net income of $437 million or $1.01 per share.   Operating income in the reported quarter grew by double digits (11%) to $765 million over the year-ago period. The boost came mainly from higher operating income in Technical Services (33%), Network Centric Systems (13%), Space and Airborne Systems (10%) and Integrated Defence Systems (5%). However, Intelligence & Information Systems and Missile Systems registered no growth.   On the revenue front, Raytheon grew 6% during the quarter to $6.2 billion over the year-ago period. Top-line growth was fueled by all but the Intelligence & Information Systems segment, owing to lower volumes in the e-Borders program.   Raytheon reported total bookings of $5.1 billion for ...

Newsletter

No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.