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Raytheon Stock Retreats After Earnings Beat

TheMotleyFool

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Raytheon Stock Retreats After Earnings Beat

Shares of defense contractor Raytheon (NYSE: RTN) got routed in Thursday trading and then continued falling on Friday. By the time the week drew mercifully to an end, Raytheon stock was down nearly 5%, and nearly two months' worth of gains the stock had previously racked up were erased.

"But wait!" you say. "Didn't Raytheon beat on earnings Thursday?"

Investing in Raytheon stock may feel PATRIOT-ic, but it could could your portfolio at risk. Image source: Getty Images.

Source: Fool.com