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Raytheon (RTN) Q3 Earnings Top, Improve Y/Y, EPS View Up
Raytheon Company RTN reported third-quarter 2019 earnings per share (EPS) of $3.08 from continuing operations, which surpassed the Zacks Consensus Estimate of $2.85 by 8.1%. The bottom line improved a solid 36.9% from $2.25 registered in the year-ago quarter.
The year-over-year improvement was driven by operational improvements and the absence of unfavorable pension plan annuity transaction that impacted the third quarter of 2018 by 80 cents per share.
Operational Performance
Raytheon's third-quarter sales of $7,446 million increased 9.4% year over year from $6,806 million. The top line also exceeded the Zacks Consensus Estimate of $7,260 million by 2.6%.
The company’s bookings totaled $9,439 million compared with $8,710 million in the year-ago quarter, reflecting an improvement of 8.4%. Total backlog, at the end of third-quarter 2019, was $44.61 billion, up 3.5% from the previous quarter’s figure.
Total operating expenses increased 11% to $6,240 million. The company’s operating income of $1,206 million rose 1.9% year over year.
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https://finance.yahoo.com/news/raytheon-...02946.html
![[Bild: RTNc1dl1443.png]](https://finviz.com/publish/102519/RTNc1dl1443.png)
Raytheon Company RTN reported third-quarter 2019 earnings per share (EPS) of $3.08 from continuing operations, which surpassed the Zacks Consensus Estimate of $2.85 by 8.1%. The bottom line improved a solid 36.9% from $2.25 registered in the year-ago quarter.
The year-over-year improvement was driven by operational improvements and the absence of unfavorable pension plan annuity transaction that impacted the third quarter of 2018 by 80 cents per share.
Operational Performance
Raytheon's third-quarter sales of $7,446 million increased 9.4% year over year from $6,806 million. The top line also exceeded the Zacks Consensus Estimate of $7,260 million by 2.6%.
The company’s bookings totaled $9,439 million compared with $8,710 million in the year-ago quarter, reflecting an improvement of 8.4%. Total backlog, at the end of third-quarter 2019, was $44.61 billion, up 3.5% from the previous quarter’s figure.
Total operating expenses increased 11% to $6,240 million. The company’s operating income of $1,206 million rose 1.9% year over year.
...
https://finance.yahoo.com/news/raytheon-...02946.html
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