— Raytheon Company (NYSE: RTN) reported third-quarter 2019 earnings of $3.08 per share, vs. $2.86 per share expected, helped by operational improvements.
— Revenues rose 9.4% to $7.45 billion, vs. $7.28 billion expected.
— Bookings for the quarter improved 8.4% to $9.4 billion.
— Raytheon and United Technologies (NYSE: UTX) merger on track for completion in the first half of 2020.
— Raised full-year 2019 guidance for sales and EPS. The defense contractor currently expects net sales of $29.1 – 29.4 billion (earlier $28.8 – 29.3 billion) and EPS of $11.70 – $11.80 (earlier $11.50 – $11.70) for the fiscal year.
— RTN shares gained 1% immediately following the earnings announcement.