Raytheon Company (RTN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.38. The company posted revenue of $5763.00 million in the period, compared to analysts expectations of $5460.33 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 EPS.
Many Wall Street Analysts have commented on Raytheon Company. Raytheon Company was Initiated by Guggenheim to “Buy” on Apr 5, 2016.
Raytheon Company opened for trading at $128.5 and hit $130.89 on the upside on Wednesday, eventually ending the session at $129.87, with a gain of 1.29% or 1.66 points. The heightened volatility saw the trading volume jump to 38,48,265 shares. Company has a market cap of $38,831 M.
In a different news, on Apr 6, 2016, Richard R Yuse (Vice President) sold 22,345 shares at $125.00 per share price. According to the SEC, on Mar 30, 2016, Anthony F O’brien (Vice President and CFO) sold 6,000 shares at $122.95 per share price. On Mar 24, 2016, Thomas A Kennedy (Chairman and CEO) sold 11,569 shares at $123.57 per share price, according to the Form-4 filing with the securities and exchange commission.
Raytheon Company together with its subsidiaries is a technology Company that specializes in defense and other Government markets. The Company develops products services and solutions in markets: sensing; effects; command control communications and intelligence (C3I); and mission support as well as cyber and information security. The Company operates in four segments: Integrated Defense Systems (IDS); Intelligence Information and Services; Missile Systems and Space and Airborne Systems. The Company serves both domestic and international customers as both a prime contractor and subcontractor on a portfolio of defense and related programs primarily for Government customers. The Company’s products include Global Integrated Sensors Integrated Air & Missile Defense Cybersecurity and Special Missions Global Training Solutions Land Warfare Systems Advanced Missile Systems Tactical Airborne Systems Advanced Missile Systems and Electronic Warfare Systems.