Raytheon Q4 Profit Rises - Quick Facts

(RTTNews) - Raytheon Company (RTN) reported that its fourth-quarter net income attributable to company increased to $531 million or $1.66 per share, from $469 million or $1.42 per share, last year. Income from continuing operations was $467 million or $1.46 per share, compared to $466 million or $1.41 per share, a year ago. Adjusted income from continuing operations was $506 million or $1.58 per share, for the quarter. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $1.35 for the quarter. Analysts' estimates typically exclude special items.

Net sales were $5.87 billion, compared to $6.44 billion, a year ago. Analysts expected revenue of $5.95 billion for the quarter.

The company expects 2014 earnings per share from continuing operations in the range of $6.74-$6.89. Adjusted earnings per share is projected to be in the range of $5.76-$5.91. Net sales are expected to be in the range of $22.5 billion-$23.0 billion. Analysts expect the company to report fiscal 2014 profit per share of $6.30 on revenue of $23.09 billion.