Raytheon posts 13 pct profit rise, maintains outlook
July 24 (Reuters) - U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit due to favorable pension adjustments and the company maintained its full-year forecast.
Net income attributable to Raytheon shareholders rose to $551 million, or $1.76 per share, from $488 million, or $1.50 per share, a year earlier.
Excluding pension-related items, earnings dropped to $1.41 per share from $1.64.
Revenue fell 7 percent to $5.70 billion.
Raytheon said its operating margin rose to 13.3 percent in the second quarter from 12.5 percent a year earlier. Bookings jumped 27 percent to $6.77 billion.
The company said it still expected revenue of $22.5 billion-$23 billion in the full year, with earnings per share of $5.76-$5.91, excluding special items. (Reporting by Sweta Singh in Bangalore; Editing by Saumyadeb Chakrabarty)
- Divided, Scots prepare to vote on fate of the United Kingdom |
- IPhone emerges from 'bygone era', reviewers hail bigger handset
- Fed renews zero rate pledge, but hints at steeper rate hike path |
- Boeing, SpaceX win contracts to build 'space taxis' for NASA
- Apple to unveil new iPads, operating system on Oct. 21: report