Raytheon Earnings: Here’s the 1 Number That Matters Most

We laid out the expectations for Thursday’s earnings report for you earlier this week. According to Wall Street’s best guesses , Raytheon was supposed to report earning $2.2 billion in profit on $24.4 billion in revenue, and generate even more cash profit than it was allowed to report as “net income” under GAAP — $2.5 billion in positive free cash flow, to be precise.