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Raytheon Technologies Earnings Beat, Revenue Misses In Q4 -Breaking

by Mike Robinson

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© Reuters. Raytheon Technologies Earnings Beat, Revenue Misses In Q4

Raytheon Technologies (NYSE) and Investing.com reported Tuesday that the fourth quarter beat analyst forecasts, with revenue falling short of expectation.

Raytheon Technologies (NYSE:) announced earnings per share at $1.08 on $17.04 billion in revenue. Investing.com polled analyst to predict EPS of $1.02 based on $17.28B in revenue.

Raytheon Technologies shares rose 2% over the first of the year but are down 4.71% from their 52-week peak of $92.48, which was set on January 14. They are outperforming the S&P 500 which is down 7.47% from the start of the year.

Raytheon Technologies is following other significant Industrials sector earnings in this month

Raytheon Technologies reported Thursday’s earnings beat by Union Pacific, which reported EPS for $5.73B on revenue. This compares to the forecasts for EPS of 2.61 on revenue $5.6B.

General Electric exceeded expectations with Tuesday’s fourth quarter EPS at $0.92 on revenues of $20.3B. That compares to the forecast of $0.8458 for revenue of $21.34B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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