Raytheon Earnings: Everything You Must Know Now

Raytheon Co. (NYSE:RTN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Raytheon Co. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 17.29% to $1.56 in the quarter versus EPS of $1.33 in the year-earlier quarter.

Revenue: Decreased 0.99% to $5.88 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Raytheon Co. reported adjusted EPS income of $1.56 per share. By that measure, the company beat the mean analyst estimate of $1.28. It beat the average revenue estimate of $5.7 billion.

Quoting Management: “Strong program execution drove solid operating results in the first quarter,” said William H. Swanson, Raytheon’s Chairman and CEO. “Our innovation and technology, along with our focus on productivity, agility and affordability, continue to create value for our customers and shareholders.”

Key Stats (on next page)…

Revenue decreased 8.7% from $6.44 billion in the previous quarter. EPS increased 6.12% from $1.47 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.29 and has not changed. For the current year, the average estimate has moved down from a profit of $5.35 to a profit of $5.32 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)