Raytheon Co.'s (RTN) net income attributable to company for the fourth quarter slid to $469 million, or $1.42 per share, from last year's $543 million, or $1.57 per share. Earnings per share from continuing operations were $1.41, down from $1.56 a year earlier.
The recent period included a $0.06 net charge related to the impact of early debt retirement, as well as an unfavorable FAS/CAS adjustment of $0.13, compared with an unfavorable FAS/CAS adjustment of $0.16 in the 2011 fourth quarter, according to the company.
Adjusted earnings per share were $1.60 this quarter, lower than $1.72 in 2011. The change was due to the timing of operational improvements in the latest quarter versus last year. On average, 19 analysts polled by Thomson Reuters expected earnings per share of $1.31 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net sales totaled $6.44 billion, compared with $6.42 billion in the previous year. Analysts estimated revenues of $6.41 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.