Investing.com - Raytheon (NYSE:RTN) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $3.08 on revenue of $7.45B. Analysts polled by Investing.com anticipated EPS of $2.86 on revenue of $7.26B. That compared to EPS of $2.25 on revenue of $6.81B in the same period a year earlier. The company had reported EPS of $2.92 on revenue of $7.16B in the previous quarter.
For the year, Raytheon shares are up 32.74%, outperforming the S&P 500 which is up 21.3% year to date.
Raytheon follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported third quarter EPS of $1.45 on revenue of $19.98B, compared to forecasts of EPS of $2.08 on revenue of $19.56B.
Honeywell earnings beat analyst's expectations on Thursday, October 17, 2019, with third quarter EPS of $2.08 on revenue of $9.09B. Investing.com analysts expected EPS of $2.01 on revenue of $9.12B
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