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More on Raytheon (RTN) Q1: net profit from continuing operations +8.9% to $490M. Sequestration...

More on Raytheon (RTN) Q1: net profit from continuing operations +8.9% to $490M. Sequestration to slice $400-600M off bookings in 2013, although 20% growth in international orders should help ease the pain. Still, RTN cuts its revenue outlook to $23.2-23.7B from an earlier forecast of $23.6-24.1B and vs consensus of $23.8B; however, Raytheon ups its EPS guidance to $5.26-5.41 from $5.16-5.31 and vs consensus of $5.32.
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