Investing.com - Raytheon reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $3.05 on revenue of $6.81B. Analysts polled by Investing.com anticipated EPS of $1.97 on revenue of $6.68B. That compared to EPS of $1.97 on revenue of $6.28B in the same period a year earlier. The company had reported EPS of $2.78 on revenue of $6.63B in the previous quarter.
For the year, Raytheon shares are down 2.87%, under-performing the S&P 500 which is down 1.03% year to date.
Raytheon follows other major Capital Goods sector earnings this month
On Wednesday, Boeing (NYSE:BA) reported third quarter EPS of $3.58 on revenue of $25.15B, compared to forecasts of EPS of $3.53 on revenue of $24.28B.
3M (NYSE:MMM) earnings missed analyst's expectations on Tuesday, with third quarter EPS of $2.58 on revenue of $8.15B. Investing.com analysts expected EPS of $2.72 on revenue of $8.45B
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