Investing.com - Raytheon (NYSE:RTN) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.77 on revenue of $6.73B. Analysts polled by Investing.com expected EPS of $2.47 on revenue of $6.57B. That compared to EPS of $2.2 on revenue of $6.27B in the same period a year earlier. The company had reported EPS of $2.93 on revenue of $7.36B in the previous quarter.
For the year, Raytheon shares are up 20.93%, outperforming the S&P 500 which is up 18.18% year to date.
Raytheon follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported first quarter EPS of $3.16 on revenue of $22.92B, compared to forecasts of EPS of $3.23 on revenue of $23.05B.
3M earnings missed analyst's expectations on Thursday, with first quarter EPS of $2.23 on revenue of $7.86B. Investing.com analysts expected EPS of $2.49 on revenue of $8.03B
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