Raytheon (NYSE:RTN) has posted higher Q4 earnings, although revenue declined.

Raytheon (NYSE:RTN) Q4 Earnings Rise

The technology maker Raytheon (NYSE:RTN) has announced its fourth quarter earnings results and forecasts for 2012.

The company’s fourth quarter profit rose 18 percent despite lower sales, and it reported net income of $552 million or $1.58 per share and adjusted fourth quarter earnings of $1.74 per share.

The company released 2012 adjusted its fourth quarter earnings forecast of $5.45 to $5.60 per share.

Raytheon (NYSE:RTN) said in a statement, “Missile Systems had fourth quarter 2011 net sales of $1.48 billion, compared with $1.57 billion in the fourth quarter of 2010. The decrease was mainly due to lower sales on the Rolling Airframe Missile and Standard Missile-2 ship-defense weapons programs”.

Raytheon (NYSE:RTN) shares are currently standing at 49.89.

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