Raytheon Co Reports Fall In Q4 Earnings

(RTTNews) - Raytheon Co (RTN) reported earnings for fourth quarter that dropped from last year.

The company said its profit dropped to $393 million, or $1.35 per share. This was lower than $555 million, or $1.87 per share, in last year's fourth quarter.

The company said revenue for the quarter rose 8.0% to $6.78 billion. This was up from $6.28 billion last year.

Raytheon Co earnings at a glance:

-Earnings (Q4): $393 Mln. vs. $555 Mln. last year. -Earnings Decline (Y-o-Y): -29.2% -EPS (Q4): $1.35 vs. $1.87 last year. -EPS Decline (Y-o-Y): -27.8% -Revenue (Q4): $6.78 Bln vs. $6.28 Bln last year. -Revenue Change (Y-o-Y): 8.0%

-Guidance: Full year EPS guidance: $9.55 - $9.75 Full year revenue guidance: $26.4 - $26.9 Bln