Raytheon’s Second-Quarter Profit Rises as Sales Fall 7%
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Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines.
Net income from continuing operations rose 2.3 percent to $499 million, or $1.59 a share, in the quarter, from $488 million, or $1.50, a year earlier, the company said in a statement today. That matched the average estimate of 20 analysts surveyed by Bloomberg.