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Raytheon Technologies Earnings Beat, Revenue Misses In Q1 -Breaking

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© Reuters. Raytheon Technologies Earnings Beat, Revenue Misses In Q1

Raytheon Technologies (NYSE) reported Tuesday that the first quarter ended with revenue and forecasts that were higher than expected.

Raytheon Technologies (NYSE 🙂 Technologies reported earnings per share in the range of $1.15 to $15.72B on revenue. Investing.com polled analysts and predicted an EPS of $1.01 for revenue of $15.88B.

Raytheon Technologies shares rose 15% over the first of the year but are down 6.05% from April 21’s 52-week peak of $106.02, which was set at $106.02. They are outperforming the S&P 500 which is down 9.86% from the start of the year.

Raytheon Technologies continues to follow other important Industrials sector earnings.

Raytheon Technologies reports on Tuesday after United Parcel Service beat them with earnings. They reported EPS at $3.05 for revenue $24.38 billion, while forecasts were for EPS at $2.89 for revenue $23.82B.

Union Pacific exceeded expectations Thursday, posting a $2.57 EPS on revenues of $5.86B for the first quarter. This compares to the $2.56 EPS forecasted on revenue at $5.71B.

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

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