Investing.com - Raytheon (NYSE:RTN) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.92 on revenue of $7.16B. Analysts polled by Investing.com anticipated EPS of $2.64 on revenue of $7.04B. That compared to EPS of $2.78 on revenue of $6.63B in the same period a year earlier. The company had reported EPS of $2.77 on revenue of $6.73B in the previous quarter.
For the year, Raytheon shares are up 20.11%, under-performing the S&P 500 which is up 21.91% year to date.
Raytheon follows other major Capital Goods sector earnings this month
On Wednesday, Boeing reported second quarter EPS of $-5.82 on revenue of $15.75B, compared to forecasts of EPS of $1.87 on revenue of $19.21B.
Honeywell earnings beat analyst's expectations on Thursday, July 18, 2019, with second quarter EPS of $2.1 on revenue of $9.24B. Investing.com analysts expected EPS of $2.08 on revenue of $9.35B
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