Raytheon beats by $0.22, reports revs in-line; raises FY17 EPS and revs guidance
- Reports Q2 (Jun) earnings of $1.98 per share, excluding $0.09 in non-recurring items, $0.22 better than the Capital IQ Consensus of $1.76; revenues rose 4.2% year/year to $6.28 bln vs the $6.24 bln Capital IQ Consensus.
- Co raises guidance for FY17, sees EPS of $7.35-7.50 vs. $7.49 Capital IQ Consensus Estimate, up from $7.25-7.40; raises FY17 revs to $25.1-25.6 bln vs. $25.18 bln Capital IQ Consensus Estimate, up from $24.9-25.4 bln.