Lawful Evil (lawful_evil) wrote,
Lawful Evil

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Raytheon Reports 10 Percent Sales Growth in Second Quarter 2005 and Increases Full-year Guidance...

Profit of $233 million or $0.51 per diluted share compared to a loss from of $94 million or $0.22 per diluted share from 2nd quater last year.

Increase profit outlook for 2005 by 5 cents per share.

Therefore... sotkc price drops.. ?!!?

It was down 40 cents a share, but a bounced back to only down 20 cents a share. Actually it has risen again to down 14 cents a share. Why the sudden drop and bounce?

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